Bharat Forge, Pune based forging company, witnessed a rise in share price on Tuesday after it announced a substantial rise in standalone net profit for the quarter ended June 2015.  During the quarter, the profit of the company rose 34.73% to Rs 1,953.20 million from Rs 1,449.70 million  in the same quarter last year.

Revenues for the quarter  rose 14.21% to Rs 11,285.40 million, compared with Rs 9,881 million for the prior year period.

Shares of Bharat Forge are trading at Rs 1,180.30, up Rs 16.65, or 1.43% at the Bombay Stock Exchange (BSE) on Tuesday at 9:57 a.m.

The scrip has touched an intra-day high of Rs 1,193.95 and low of Rs 1,172.50. The total volume of shares traded at the BSE is 29,155.