Union Bank of India, a public sector bank in India, witnessed a rise in share price on Friday after the bank reported a sharp rise of 78.43% in second quarter profit. The bank reported a profit of Rs 3.71 billion for the quarter ended Sept. 30, 2014, compared with Rs 2.08 billion, a year ago.

Quarterly income totalled at Rs 87.55 billion, an increase of 15.88% over Rs 78.82 billion in the same period a year ago.

Shares of the bank are trading at Rs 228.45, up Rs 4.25, or 1.9% at the Bombay Stock Exchange (BSE) on Friday at 12:13 p.m.

The scrip has touched an intra-day high of Rs 233.25 and low of Rs 225. The total volume of shares traded at the BSE is 734,034.