May 26, 2017 / 4:20 AM / 7 months ago

BUZZ-India's Cipla plunges to 11-mth low on unexpected Q4 loss

** Cipla Ltd drops as much as 4.7 pct to 480.2 rupees, its lowest since June 27, 2016

** Quarterly net loss narrowed to 617.9 mln rupees ($9.57 million), but missed analysts’ expectations of a profit for the period

** “Going forward we expect near-term growth to be weak led by challenges in India business and limited margin improvement,” analysts at Jefferies write

** Stock on track for a fifth straight session of falls; stock among biggest pct losers on the NSE index

** Stock had declined 11.4 pct this year as of Thursday’s close

** About 3.1 mln shares change hands, 2.6 times the 30-day average of 1.2 mln shares ($1 = 64.5550 Indian rupees)

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