At NSE, shares of the company plunged 19.95 per cent to end at Rs 65.60.
US stocks opened higher, shrugging off a deadly bomb blast in Britain and ahead of U.S. President Donald Trump's first full budget plan.
Trump is set to propose a raft of politically sensitive cuts, including to healthcare and food assistance programs for the poor.
Pharma index was the worst performer on both the BSE and NSE after weak quarterly results of Sun Pharma's overseas arm Taro Pharmaceuticals.
The Indian equity markets were pulled lower as a weak rupee, caution ahead of derivatives expiry and heavy selling pressure witnessed.
The FTSE 100 .FTSE index of Britain's largest companies was up 0.1 percent by 0900 GMT, near Monday's record level of 7,533.70 points.
Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets.
The key Indian equity indices were trading lower afternoon following muted global cues.
The key Indian equity market indices opened lower despite Wall Street ending higher for the third session.