Meanwhile, the BSE Sensex was down 12.54 points, or 0.07%, to 17,209.60.

On BSE, 1.47 lakh shares were traded in the counter as against an average daily volume of 4.10 lakh shares in the past one quarter.

The stock hit a high of Rs 729 and a low of Rs 703.05 so far during the day. The stock had hit a 52-week low of Rs 450 on 12 January 2012. The stock had hit a 52-week high of Rs 1,123.40 on 8 July 2011.

The stock had outperformed the market over the past one month until 9 April 2012, gaining 36.13% compared with the Sensex's 1.61% fall. The scrip had also outperformed the market in past one quarter, rising 40.55% as against 8.90% rise in the Sensex.

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

According to recent reports, the United Breweries (UB) group chief Vijay Mallya may sell all or part of his stake in United Breweries, his flagship beer business, to Dutch brewer Heineken NV. Vijay Mallya may reportedly sell between 12-13% stake held in United Breweries, which will allow Heineken' stake to reach 50%.

As on 31 December 2011, United Spirits held 3.22% stake in United Breweries.

United Spirits' net profit fell 63.8% to Rs 47.06 crore on 0.3% decline in net sales to Rs 1953.94 crore in Q3 December 2011 over Q3 December 2010.

United Spirits (USL) is the largest spirits company in the world by volume, selling 114 million cases in the year ended 31 March 2011.