NMDC, the single largest producer of iron ore in the country, witnessed a sharp share rise on Monday after it reported a substantial rise in net profit for the quarter ended March 2014.

During the quarter, the profit of the company rose 33.94% to Rs 19,621.50 million from Rs 14,649.50 million in the same quarter previous year.

Net sales for the quarter rose 21.23% to Rs 38,844.90 million, compared with Rs 32,043 million for the prior year period.

Shares of the company are trading at Rs 175.95, up Rs 5.75, or 3.38% at the Bombay Stock Exchange (BSE) on Monday at 11:26 a.m.

The scrip has touched an intra-day high of Rs 181 and low of Rs 171. The total volume of shares traded at the BSE is 253,744.

In the earlier session, the shares fell 0.73%, or Rs 1.25, at Rs 170.20. Currently, the stock is trading down 7.08% from its 52-week high of Rs 189.35 and above 89.91% over the 52-week low of Rs 92.65.