Glenmark Pharma slumped as Q4 profit misses estimates.

Shares of Glenmark Pharmaceuticals fell as much as 16.3 per cent in early trade.

The company has posted a consolidated Q4 profit of Rs 184 crore ($28.62 million), missing analysts' estimates of Rs 593 crore, as sales across Europe and Latin America fell.

The stock hit its lowest since June 24, 2016.

The shares posted biggest percentage intraday fall since August 19, 2009.

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