Cummins India, engaged in design and manufacture of diesel engines and generator sets, witnessed a sharp rise in share price on Friday after it disclosed a substantial rise in standalone net profit for the quarter ended March 2015.  During the quarter, the profit of the company rose 34.31% to Rs 1,904.40 million from Rs 1,417.90 million  in the same quarter previous year.

Revenues for the quarter  rose 16.66% to Rs 11,335.10 million, compared with Rs 9,716 million for the prior year period.

Shares of Cummins India are trading at Rs 897.90, up Rs 47.6, or 5.60% at the Bombay Stock Exchange (BSE) on Friday at 11:56 a.m.

Total volume of shares traded on the bourses today was lower by 21.86% to 157,610 compared with 22-day average volume of 201,707.