Edelweiss Financial Services, one of India's leading financial services groups, witnessed a gain in share price on Friday after it disclosed a sharp rise in consolidated net profit for the quarter ended September 2014.  During the quarter, the profit of the company rose 71.96% to Rs 792.40 million from Rs 460.80 million in the same quarter previous year.

Net sales for the quarter surged 56.66% to Rs 9,045.60 million, compared with Rs 5,774 million for the prior year period.

Shares of the company are trading at Rs 47.90, up Rs 2.4, or 5.27% at the Bombay Stock Exchange (BSE) on Friday at 1:51 p.m.

The scrip has touched an intra-day high of Rs 48.90 and low of Rs 45.70. The total volume of shares traded at the BSE is 668,536.