V S T Industries shares surged on Wednesday after the company disclosed a substantial rise in standalone net profit for the quarter ended March 2014. The company reported 49.37% jump in net profit to Rs 518.90 million from Rs 347.40 million in the same quarter last year.

Net sales for the quarter rose 17.54% to Rs 1,890.80 million, compared with Rs 1,609 million for the prior year period.

Shares of the company are trading at Rs 1,870.00, up Rs 89.2, or 5.01% at the Bombay Stock Exchange (BSE) on Wednesday at 9:29 a.m.

The scrip has touched an intra-day high of Rs 1,903.70 and low of Rs 1,816.10. The total volume of shares traded at the BSE is 2,116.

In the earlier session, the shares gained 1.61%, or Rs 28.15, at Rs 1,780.80.

Currently, the stock is trading all time 52-week high, which is above 33.57% over the 52-week low of Rs 1,400.00.