Siyaram Silk Mills, engaged in textile business, witnessed a sharp rise in share price on Monday after the company reported a sharp rise in standalone net profit for the quarter ended March 2015.

During the quarter, the profit of the company rose 59.19% to Rs 321.40 million from Rs 201.90 million in the same quarter last year. Net sales for the quarter rose 18.26% to Rs 4,799.50 million, compared with Rs 4,058 million for the prior year period.

Shares of Siyaram Silk Mills are trading at Rs 1,090, up Rs 131.5, or 13.72% at the Bombay Stock Exchange (BSE) on Monday at 12:49 p.m. The scrip has touched an intra-day high of Rs 1,095 and low of Rs 992.25.

Total volume of shares traded on the bourses today was higher by 30.54 times to 42,996 compared with 22-day average volume of 1,408.