Zensar Technologies, an IT and BPO services provider, surged on Wednesday after it reported a substantial rise in standalone net profit for the quarter ended March 2014. 

During the quarter, the profit of the company rose 41.30% to Rs 552.50 million from Rs 391 million in the same quarter previous year.

Net sales for the quarter rose 18.93% to Rs 6,076.80 million, compared with Rs 5,110 million for the prior year period.

Shares of the company are trading at Rs 389, up Rs 17.95, or 4.84% at the Bombay Stock Exchange (BSE) on Wednesday at 11:44 a.m.

The scrip has touched an intra-day high of Rs 389.90 and low of Rs 376.95. The total volume of shares traded at the BSE is 26,634.

In the earlier session, the shares fell 0.68%, or Rs 2.55, at Rs 371.05. Currently, the stock is trading down 9.49% from its 52-week high of Rs 429.80 and above 115.04% over the 52-week low of Rs 180.90.