Andhra Bank, the public sector lender, witnessed a sharp rise in share price on Thursday after the bank reported a sharp rise of 2.04 times in second quarter profit. The bank reported a profit of Rs 1,444.9 million for the quarter ended Sept. 30, 2014, compared with Rs 706.5 million, a year ago.

Quarterly income totalled at Rs 44.24 billion, an increase of 15.88% over Rs 38.18 billion in the same period a year ago.

Shares of the bank are trading at Rs 81.30, up Rs 4.7, or 6.14% at the Bombay Stock Exchange (BSE) on Thursday at 3:14 p.m.

The scrip has touched an intra-day high of Rs 82.25 and low of Rs 75.25. The total volume of shares traded at the BSE is 1,662,362.