JK Cement, a cement manufacturing company in India, jumped on Monday after it posted a substantial rise in standalone net profit for the quarter ended March 2014. 

During the quarter, the profit of the company rose 35.92% to Rs 763.82 million from Rs 561.96 million in the same quarter previous year.

Net sales for the quarter rose 7.93% to Rs 8,327.14 million, compared with Rs 7,716 million for the prior year period.

Shares of the company are trading at Rs 293, up Rs 41.95, or 16.71% at the Bombay Stock Exchange (BSE) on Monday at 12:10 p.m.

The scrip has touched an intra-day high of Rs 295.95 and low of Rs 268. The total volume of shares traded at the BSE is 18,374.

In the earlier session, the shares rose 4.11%, or Rs 9.9, at Rs 251.05. Currently, the stock is trading all time 52-week high, which is above 97.77% over the 52-week low of Rs 148.15.