What caused the sharp fall in NEXTMEDIA.NS stock on 23 Mar 2026?

The fall reflected heavy selling on thin liquidity, weak sector momentum in Communication Services, and investor concern over cash flow and negative book value. Large sell orders pushed the price to **INR 3.79** with volume **97,467.00**, far above the average **10,384.00**.

Is NEXTMEDIA.NS stock cheap based on valuation metrics?

Valuation appears cheap on PE (**0.44**) and EPS (**INR 9.55**), but negative book value (**-INR 4.69**) and limited operating cash flow offset the low PE. Cheap multiples here reflect balance sheet and cash‑flow risks rather than clear upside.

What is Meyka AI's short‑term forecast for NEXTMEDIA.NS stock?

Meyka AI's forecast model projects monthly **INR 4.99** and quarterly **INR 4.91**, implying short‑term upside from **INR 3.79**. Forecasts are model‑based projections and not guarantees; monitor liquidity and company updates before acting.

What key levels should traders watch for NEXTMEDIA.NS stock?

Watch immediate support at **INR 3.51** and psychological **INR 3.00**. Resistance is near **INR 4.90** and the model year target **INR 6.08**. Given volatility, use tight stops and confirm with volume.

IN Stocks

NEXTMEDIA.NS down 25.98% INR 3.79 on NSE 23 Mar 2026: monitor INR 3.51 support

ByDanny Kontos March 23, 2026March 23, 2026

NEXTMEDIA.NS stock led the losers on the NSE at close on 23 Mar 2026 after a steep 25.98% drop to INR 3.79. Next Mediaworks Limited (NEXTMEDIA.NS) fell from a previous close of INR 5.12, with intraday range INR 3.51–4.10 on heavy volume 97,467.00 shares. The move widened the gap versus the 50‑day average INR 5.50 and 200‑day average INR 6.22, forcing traders to reassess short‑term support and valuation.