Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is trading at $159.78, about ₹15,342 at today's USD/INR rate, as of 25 Sep 2026, 2:40 PM ET, down 1.08% today. Indian residents can buy Nexstar Media from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$159.33
Today's high
$162.46
52 week low
$154.47
52 week high
$254.30
NXST opened at $160.49, closed previously at $161.53, and has traded between $154.47 and $254.30 over the past 52 weeks.
About
Nexstar Media Group, Inc. is a diversified U.S. media corporation focused on broadcast television and digital content. The company specializes in the strategic acquisition, development, and management of local television stations, along with operating interactive community-focused websites and a variety of digital media services. It provides no-cost programming to television viewers across the nation. By the end of 2020, Nexstar directly owned, operated, programmed, or offered sales and other services to 198 television stations. Furthermore, it extended sales, programming, and other support through local service agreements to an additional 37 independent power television stations. The company also furnishes advanced video and display advertising solutions, which can be deployed both locally and nationally across its own digital platforms and various third-party websites and mobile applications. Nexstar is also the proprietor of WGN America, a national cable channel featuring general entertainment. Its broad network of stations is affiliated with major broadcast networks such as ABC, NBC, FOX, CBS, The CW, and MyNetworkTV, among others. Originally known as Nexstar Broadcasting Group, Inc., the company adopted its current name, Nexstar Media Group, Inc., in January 2017. Founded in 1996, its corporate headquarters are located in Irving, Texas.
Key statistics
Avg. volume
386.61K
Market cap
$4.88B
P/E Ratio
28.36
Price-to-sales ratio
0.70
Enterprise value
$16.75B
Free cash flow yield
15.21%
Debt-to-equity ratio
5.34
Return on equity
8.56%
ROIC
4.99%
Beta
0.89
Dividend yield
4.65%
Last dividend
$7.44
Financial overview
Revenue
$4.95B
Earnings per share
$3.04
Free cash flow
$743.00M
Net profit margin
2.70%
Gross margin
52.19%
EBITDA
$1.31B
Revenue growth
-8.47%
Similar securities
This is not an investment recommendation
How to buy Nexstar Media from India
Indian residents can buy Nexstar Media shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Nexstar Media and place an order
Find Nexstar Media by name or by its ticker, NXST, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Nexstar Media trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nexstar Media position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Nexstar Media from India
Trading and taxes when buying Nexstar Media from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Nexstar Media’s current yield is 4.65%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Nexstar Media stock?
Yes. Nexstar Media (NXST) has been listed on NASDAQ since 2003, in the Broadcasting industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Nexstar Media share cost in rupees?
One Nexstar Media share is $159.78 — about ₹15,342 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the Nexstar Media price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Nexstar Media from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy Nexstar Media with less than the price of one share?
Yes. A whole Nexstar Media share is $159.78, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Nexstar Media shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Nexstar Media price. Paasa issues a capital-gains statement for your return.
Does Nexstar Media pay a dividend, and how is it taxed in India?
Yes. Nexstar Media pays a dividend and the current yield is 4.65%; the last declared dividend was $7.44 per share, about ₹714.39. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Nexstar Media from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Nexstar Media shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Nexstar Media shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Nexstar Media holding, its cost and its closing value.
How do I sell Nexstar Media and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.