NSE March 20, Top Losers: Prabha Energy, Next Media, HCG, Mahapex, Finkurve Lead Declines

Mumbai, March 20: Several small-cap stocks witnessed sharp declines on the NSE on Friday with Prabha Energy Ltd, Next Mediaworks Ltd, HCG Ltd, Mahapex Ltd and Finkurve Financial Services Ltd emerging as the top five losers. These stocks recorded steep percentage declines amid selling pressure across select counters.

Prabha Energy Ltd led the losers pack, closing at ₹5.42, down 39.98 per cent from its previous close of ₹9.03.

Why These Stocks Led NSE Losers

Prabha Energy share price declined sharply by 39.98 per cent to ₹5.42. The stock remained locked at its lower level throughout the session, with no variation between open, high and low, indicating sustained selling pressure.

Next Mediaworks Ltd share price fell 19.92 per cent to ₹4.10 from ₹5.12 previously. The stock opened at ₹5.02 and dropped steadily, hitting a low of ₹4.10, which also remained the closing level.

HCG Ltd share price declined 19.65 per cent to ₹18.20 compared with the previous close of ₹22.65. The stock traded in a wide range between ₹18.15 and ₹24.00, reflecting volatility alongside downward pressure.

Mahapex Ltd share price dropped 18.04 per cent to ₹56.10 from ₹126.90 earlier. The stock opened at ₹60.60 and moved lower, touching a low of ₹56.00 during the session.

Finkurve Financial Services share price fell 16.01 per cent to ₹55.10 from ₹65.60 previously. The stock opened at ₹72.00 but saw sharp selling, hitting a low of ₹53.25 before closing slightly higher.

Company Stock Performance Snapshot

Top NSE losers on March 20 2026:

Prabha Energy Ltd: Prabha Energy share price closed at ₹5.42, down 39.98 per cent from ₹9.03. The stock opened, traded, and closed at ₹5.42, indicating a lower circuit-like situation with no price recovery. Volume stood at 56,419 shares.

Next Mediaworks Ltd: Next Mediaworks share price ended at ₹4.10, falling 19.92 per cent from ₹5.12. The stock opened at ₹5.02 and declined steadily to its day’s low of ₹4.10. Volume was recorded at 2,80,581 shares.

HCG Ltd: HCG share price settled at ₹18.20, down 19.65 per cent from ₹22.65. The stock opened at ₹19.50, hit a high of ₹24.00, and a low of ₹18.15. Volumes stood at 1,06,475 shares, indicating active trading amid the decline.

Mahapex Ltd: Mahapex share price closed at ₹56.10, falling 18.04 per cent from ₹126.90. The stock opened at ₹60.60 and moved lower to ₹56.00 before closing slightly above the day’s low. Volume stood at 1,83,679 shares.

Finkurve Financial Services Ltd: Finkurve Financial Services share price ended at ₹55.10, down 16.01 per cent from ₹65.60. The stock opened higher at ₹72.00 but reversed sharply, hitting a low of ₹53.25. Volume was high at 15,87,499 shares, reflecting strong selling pressure.

What This Means for Investors

Sharp declines in small-cap stocks often reflect profit booking, liquidity shifts or stock-specific triggers. Such steep falls may increase volatility and require careful monitoring of price trends and company disclosures.

Investors typically assess whether declines are temporary corrections or indicative of broader weakness in the stock.

Broader Market and Sectoral Context

The decline in these stocks indicates selective selling pressure in small-cap and micro-cap segments on March 20, 2026. While broader indices may remain stable, individual stocks can witness sharp corrections due to liquidity and sentiment shifts.

About the Company

Prabha Energy Ltd operates in the energy segment.
Next Mediaworks Ltd is engaged in media and broadcasting.
HCG Ltd operates in the healthcare sector.
Mahapex Ltd is involved in industrial and infrastructure-related activities.
Finkurve Financial Services Ltd operates in financial services.

Conclusion

Prabha Energy, Next Mediaworks, HCG, Mahapex and Finkurve emerged as the top NSE losers on March 20, 2026, reflecting strong selling pressure in select counters. The sharp declines highlight continued volatility in smaller-cap stocks.

Source: https://www.nseindia.com/market-data/top-gainers-losers