Ajanta Pharma, a company engaged in manufacturing & marketing of pharmaceutical products, jumped on Monday after it reported a rise in net profit for the quarter ended March 2014. 

During the quarter, the profit of the company rose 2.59 times to Rs 7.01 million from Rs 2.71 million in the same quarter last year.

Net sales for the quarter rose 24.70% to Rs 31.11 million, compared with Rs 25 million for the prior year period.

Shares of the company are trading at Rs 1,083.95, up Rs 106.3, or 10.87% at the Bombay Stock Exchange (BSE) on Monday at 2:11 p.m.

The scrip has touched an intra-day high of Rs 1,138.60 and low of Rs 984.05. The total volume of shares traded at the BSE is 338,379.

In the earlier session, the shares declined 1.52%, or Rs 15.05, at Rs 977.65. Currently, the stock is trading down 0.19% from its 52-week high of Rs 1,086.05 and above 128.03% over the 52-week low of Rs 475.36.