Godrej Industries, India's leading manufacturer of oleochemicals, witnessed a sharp gained in share price on Thursday after it announced an increase of 22% in consolidated net profit for the quarter ended March 2015. During the quarter, the profit stood at Rs 1.39 billion compared with Rs 1.14 billion in the same quarter last year.

Total incom for the quarter rose 17% to Rs 24.33 billion, compared with Rs 20.75 billion for the prior year period.

Shares of Godrej Industries are trading at Rs 407.10, up Rs 43.95, or 12.10% at the Bombay Stock Exchange (BSE) on Thursday at 10:19 a.m.

Total volume of shares traded on the bourses today was higher by 801.29% to 2,439,875 compared with 22-day average volume of 270,710.