MMTC, India's largest foreign trade enterprise, gained on Friday after it reported a sharp rise in standalone net profit for the quarter ended March 2014.  During the quarter, the profit of the company rose 14.81 times to Rs 327.30 million from Rs 22.10 million in the same quarter previous year.

Net sales for the quarter declined 41.54% to Rs 41,874.50 million, compared with Rs 71,625.10 million for the prior year period.

Shares of the company are trading at Rs 92.65, up Rs 1.85, or 2.04% at the Bombay Stock Exchange (BSE) on Friday at 12:14 p.m.

The scrip has touched an intra-day high of Rs 96.20 and low of Rs 91.60. The total volume of shares traded at the BSE is 881,150.

In the earlier session, the shares lost 3.56%, or Rs 3.35, at Rs 90.80. Currently, the stock is trading down 60.02% from its 52-week high of Rs 231.75 and above 149.39% over the 52-week low of Rs 37.15.