Cummins India, engaged in design and manufacture of diesel engines and generator sets, witnessed a sharp rise in share price on Friday after it reported substantial rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 39.77% to Rs 2,024.00 million from Rs 1,448.10 million in the same quarter previous year.

Net sales for the quarter rose 22.66% to Rs 11,441.00 million, compared with Rs 9,327 million for the prior year period.

Shares of the company are trading at Rs 764.00, up Rs 26.3, or 3.57% at the Bombay Stock Exchange (BSE) on Friday at 11:57 a.m.

The scrip has touched an intra-day high of Rs 776.50 and low of Rs 753.65. The total volume of shares traded at the BSE is 27,100.