Meanwhile, the BSE Sensex was down 272.21 points, or 1.61%, to 16,677.62.

On BSE, 2.76 lakh shares were traded in the counter as against an average daily volume of 3.41 lakh shares in the past one quarter.

The stock hit a high of Rs 698 and a low of Rs 655.10 so far during the day. The stock had hit a 52-week high of Rs 1,123.40 on 8 July 2011. The stock had hit a 52-week low of Rs 450 on 12 January 2012.

The stock had underperformed the market over the past one month until 15 June 2012, gaining 3.23% compared with the Sensex's 3.81% rise. The scrip had, however, outperformed the market in past one quarter, rising 20.08% as against 4.11% fall in the Sensex.

The mid-cap company has an equity capital of Rs 130.79 crore. Face value per share is Rs 10.

The recent rally in United Spirits stock was triggered by media reports that Diageo, the world's leading spirits, wine and beer firm, is in the fray to pick up stake in the Indian company. The money being raised through the stake sale will be utlised to retire debt in the troubled group firm Kingfisher Airlines, reports added.

United Spirits' consolidated net profit fell 67% to Rs 187.93 crore on 24.5% growth in net sales to Rs 9186.50 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

United Spirits (USL) is the largest spirits company in the world by volume.