MRF, a major tyre manufacturing company, witnessed a rise in share price on Wednesday after the company announced a sharp rise in standalone net profit for the quarter ended September 2014.  During the quarter, the profit of the company rose 72.13% to Rs 3,169 million from Rs 1,841 million in the same quarter last year.

Net sales for the quarter rose 6.79% to Rs 33,611 million, compared with Rs 31,475 million for the prior year period.

Shares of the company  are trading at Rs 32,850, up Rs 1151.6, or 3.63%  at the Bombay Stock Exchange (BSE) on Wednesday at 3:12 p.m. The scrip has touched an intra-day high of Rs 33,187.15 and low of Rs 31,723.20. The total volume of shares traded at the BSE is 5,104.