Mastek witnessed a sharp rise in share price on Friday after the company announced a sharp rise in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company rose 2.47 times to Rs 144.50 million from Rs 58.60 million  in the same quarter last year.

Revenues for the quarter   surged 42.80% to Rs 1,821.90 million, compared with Rs 1,276 million for the prior year period.

Shares of Mastek are trading at Rs 265.35, up Rs 26.9, or 11.28% at the Bombay Stock Exchange (BSE) on Friday at 9:46 a.m.

The scrip has touched an intra-day high of Rs 268.00 and low of Rs 237.30. The total volume of shares traded at the BSE is 269,823.

Total volume of shares traded on the bourses today was lower by 46.32% to 269,823 compared with 22-day average volume of 502,664.