Bharat Forge, Pune based forging company, witnessed a rise in share price on Monday after it disclosed a sharp rise in standalone net profit for the quarter ended September 2014.  During the quarter, the profit of the company rose 81.04% to Rs 1,744.90 million from Rs 963.80 million  in the same quarter last year.

Net sales for the quarter  rose 34.69% to Rs 11,382.70 million, compared with Rs 8,451 million for the prior year period.

Shares of the company are trading at Rs 872.90, up Rs 36.05, or 4.31% at the Bombay Stock Exchange (BSE) on Monday at 1:49 p.m.

The scrip has touched an intra-day high of Rs 877.75 and low of Rs 828.20. The total volume of shares traded at the BSE is 332,269.