Sobha Developers, one of the largest real estate players in India,  witnessed a rise in share price on Thursday after it disclosed a small increase in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 5.12% to Rs 595 million from Rs 566 million in the same quarter last year.

Net sales for the quarter rose 24.30% to Rs 6,722 million, compared with Rs 5,408 million for the prior year period.

Shares of the company are trading at Rs 484.30, up Rs 8.9, or 1.87% at the Bombay Stock Exchange (BSE) on Thursday at 1:39 p.m.

The scrip has touched an intra-day high of Rs 499 and low of Rs 475.95. The total volume of shares traded at the BSE is 16,206.