May 30, 2018 / 5:24 AM / in 3 months

BUZZ-India's Glenmark Pharmaceuticals drops most in over 3 months

** Shares of Glenmark Pharmaceuticals Ltd fall nearly 5 pct to 505.5 rupees, their lowest since May 22

** Stock posts its biggest intraday pct loss since Feb 9

** More than 1.9 mln shares trade, versus their 30-day moving avg of 704,082

** The Mumbai-based pharma co posted a 17 pct drop in March qtr consol profit on Tuesday

** 2018 was a challenging year mainly on account of pricing pressure in the U.S., Glenmark said in a statement here

** Stock has fallen nearly 11 pct this year up to Tuesday’s close

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