FMCG major ITC witnessed a sharp rise in share price on Monday after the company announced a small rise in standalone net profit for the quarter ended March 2016. During the quarter, the profit of the company rose 5.68% to Rs 24,952 million from Rs 23,611.80 million in the same quarter last year.

Revenues for the quarter rose 9.43% to Rs 101,687.30 million, compared with Rs 92,928 million for the prior year period.

Shares of ITC are trading at Rs 348.95, up Rs 19, or 5.76% at the Bombay Stock Exchange (BSE) on Monday at 9:22 a.m.

The scrip has touched an intra-day high of Rs 354.75 and low of Rs 347.10. The total volume of shares traded at the BSE is 413,021.

Total volume of shares traded on the bourses today was lower by 17.50% to 5,489,655 compared with 22-day average volume of 6,654,102.