Bharat Forge, Pune based forging company, witnessed a rise in share price on Monday 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 1,172.60, up Rs 26.7, or 2.33% at the Bombay Stock Exchange (BSE) on Monday at 3:14 p.m.

The scrip has touched an intra-day high of Rs 1,199 and low of Rs 1,129.

Total volume of shares traded on the bourses today was higher by 818.81% to 2,723,965 compared with 22-day average volume of 296,465.