New Delhi, Nov. 24 -- In less than a week, the fortunes of Physicswallah shareholders have seen a sharp reversal. Beating expectations, Physicswallah's share price listed at a 31% premium over its issue price at Rs.143.10 and soon extended gains to its highest level of Rs.162.05 as yet.

Cut to today, November 24, the stock is already down 21.5% from peak - signalling huge volatility as investors navigate their strategy in the newly-listed stock.

From its peak, the company's market cap has seen an erosion of Rs.10,000 crore in just five days, as Physicwallah shares declined for the fourth day in a row. On Monday, the ed-tech stock lost nearly 6% to hit the day's low of Rs.127.

Despite such a fall, the stock still trades above its initia...