Titan Industries, a manufacturer of watches, jewellery and sunglasses, witnessed a rise in share price on Wednesday after the company announced a steady growth in standalone net profit for the quarter ended December 2016. During the quarter, the profit of the company rose 13.09% to Rs 2,557.50 million from Rs 2,261.50 million in the same quarter previous year.

Revenues for the quarter rose 14.38% to Rs 39,259.50 million, compared with Rs 34,323 million for the prior year period.

Shares of Titan Company are trading at Rs 425.60, up Rs 32.2, or 8.19% at the Bombay Stock Exchange (BSE) on Wednesday at 10:21 a.m.

The scrip has touched an intra-day high of Rs 431.00 and low of Rs 406.20. The total volume of shares traded at the BSE is 531,152.

Total volume of shares traded on the bourses today was higher by 569.95% to 7,212,668 compared with 22-day average volume of 1,076,592.