Key Events This Week
9 Feb: Quality grade upgrade signals mixed fundamentals
10 Feb: Stock hits fresh 52-week and all-time lows near Rs.108
11 Feb: Further decline to Rs.106.1, sustained downtrend continues
12 Feb: New 52-week low of Rs.101.1 amid heavy selling
13 Feb: Intraday low of Rs.95.5, strong intraday rebound to Rs.105.9
9 February 2026: Quality Grade Upgrade Amidst Mixed Fundamentals
Physicswallah Ltd’s week began with a modest upgrade in its quality grade from below average to average, reflecting some stabilisation in business fundamentals. Despite this, the company’s financial health remained fragile, with a deeply negative average Return on Capital Employed (ROCE) of -164.26% and a high Debt to EBITDA ratio of 13.19, signalling significant leverage risks. The stock closed at Rs.114.80, down 1.20%, underperforming the Sensex which gained 1.04% that day. The upgrade did little to alleviate concerns over profitability and capital efficiency, as the company continued to report losses and negative interest coverage ratios.
10 February 2026: Fresh 52-Week and All-Time Lows Amid Continued Selling
The downward momentum intensified on 10 February, with the stock hitting a new 52-week low of Rs.110.1 intraday and closing near Rs.108.65, a 5.36% drop on the day. This marked the fourth consecutive session of losses, cumulatively eroding over 10% of value. The stock traded below all key moving averages, indicating sustained bearish technical signals. Despite the Sensex’s modest 0.25% gain, Physicswallah’s shares underperformed its sector by over 4.5%. The company’s financials revealed zero return on equity (ROE) and negative operating profits, underscoring ongoing profitability challenges despite a reported 84% increase in profits over the past year. Quarterly results from December 2025 showed record net sales of Rs.918.69 crores and a profit before tax excluding other income (PBT LESS OI) surge of 552.2%, but these operational improvements failed to arrest the share price decline.
11 February 2026: Further Decline to Rs.106.1, Technical Weakness Persists
On 11 February, Physicswallah Ltd’s stock fell further to a fresh 52-week low of Rs.106.1, closing down 1.24%. This extended the losing streak to five sessions, with a cumulative loss exceeding 12%. The stock remained below all major moving averages, reinforcing the bearish trend. The company’s Mojo Score stood at 44.0 with a Sell rating, upgraded from Strong Sell but still reflecting caution. Institutional investors held 25.14% of shares, providing some stability amid volatility. Despite the negative price action, quarterly financials continued to show operational strength, with the highest recorded PBDIT of Rs.195.34 crores and net sales reaching new highs. However, the lack of positive ROE and negative debt servicing capacity continued to weigh on investor sentiment.
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12 February 2026: New 52-Week Low of Rs.101.1 Amid Heightened Volatility
The stock’s decline accelerated on 12 February, hitting a fresh 52-week and all-time low of Rs.101.1 intraday, closing down 3.82%. This marked six consecutive sessions of losses, with a cumulative decline of 15.38%. Intraday volatility surged to 44.4%, reflecting unsettled trading conditions. The stock underperformed both the Sensex and its sector, which remained relatively resilient. Technical indicators showed the stock trading below all key moving averages, signalling persistent bearish momentum. Despite the negative price action, the company’s quarterly results continued to highlight operational improvements, including record net sales and PBDIT. However, the zero ROE and negative operating profits remained key concerns for investors.
13 February 2026: Intraday Low of Rs.95.5 Followed by a Strong Rebound
On the final trading day of the week, Physicswallah Ltd’s shares plunged to a new all-time low of Rs.95.5 intraday, before staging a notable rebound to an intraday high of Rs.105.9, closing with a 6.32% gain. This volatility reflected a sharp reversal after six days of continuous declines. Despite the intraday strength, the stock closed below its opening price and remained under pressure relative to the Sensex, which declined 1.02%. The stock’s technical position remained weak, trading below all major moving averages. The company’s financial metrics continued to show challenges, with a Debt to EBITDA ratio of 0 times and a flat 0.00% return over the past year, contrasting with the Sensex’s gains. Institutional investors maintained a 25.14% stake, suggesting ongoing interest despite the turbulent price action.
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Daily Price Comparison: Physicswallah Ltd vs Sensex (9-13 Feb 2026)
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.114.80 | -1.20% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.108.65 | -5.36% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.107.30 | -1.24% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.100.40 | -6.43% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.107.30 | +6.87% | 36,532.48 | -1.40% |
Key Takeaways
Operational Strength Amidst Financial Struggles: Despite the stock’s steep decline, Physicswallah Ltd reported record quarterly net sales of Rs.918.69 crores and a PBT LESS OI growth of 552.2%, indicating pockets of operational improvement.
Persistent Profitability and Leverage Concerns: The company’s zero ROE, negative operating profits, and high leverage ratios continue to weigh heavily on investor sentiment, limiting confidence in sustained recovery.
Technical Weakness and Volatility: The stock traded below all major moving averages throughout the week, with multiple fresh 52-week and all-time lows, reflecting sustained bearish momentum and heightened volatility.
Institutional Interest Provides Some Stability: Institutional investors hold a significant 25.14% stake, suggesting ongoing analytical interest despite the challenging price action.
Market Underperformance: Physicswallah Ltd underperformed the Sensex by over 7% during the week, highlighting company-specific challenges amid a relatively resilient broader market.
Conclusion
Physicswallah Ltd’s stock experienced a difficult week marked by sharp declines, fresh lows, and sustained selling pressure. While quarterly results revealed operational progress, the company’s financial metrics, including zero return on equity and negative operating profits, continue to dampen investor enthusiasm. The stock’s technical positioning below key moving averages and its underperformance relative to the Sensex underscore the challenges ahead. Institutional holdings provide a degree of stability, but the overall market sentiment remains cautious. Investors will be closely watching future financial disclosures and market developments to assess whether the company can translate operational gains into sustained stock price recovery.
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