Edelweiss Financial Services, one of India's leading financial services groups, witnessed a sharp rise in share price on Friday after it disclosed a substantial rise in consolidated net profit for the quarter ended December 2014.
 
During the quarter, the profit of the company rose 43.36% to Rs 828.60 million from Rs 578 million in the same quarter last year. Net sales for the quarter jumped 49.19% to Rs 9,603.90 million, compared with Rs 6,438 million for the prior year period.

Shares of the company are trading at Rs 70.20, up Rs 1.45, or 2.11% at the Bombay Stock Exchange (BSE) on Friday at 12:53 p.m. The scrip has touched an intra-day high of Rs 71.85 and low of Rs 68.05. The total volume of shares traded at the BSE is 1,144,828.