United Spirits, engaged in manufacturing of beverage alcohol, dropped on Monday after brokerage firm, Kotak downgraded the stock to 'reduce' from 'buy', with target at Rs 2,700.

Shares of the company settled at Rs 2,699.95, down Rs 77.4, or 2.79% at the Bombay Stock Exchange (BSE) on Monday.

The scrip has touched an intra-day high of Rs 2,800 and low of Rs 2,695. The total volume of shares traded at the BSE is 196,382.

In the earlier session, the shares climbed 0.19%, or Rs 5.40, at Rs 2,777.35.

Currently, the stock is trading down 8.18% from its 52-week high of Rs 2,940.55 and above 35.45% over the 52-week low of Rs 1,993.30.