SPML Infra, the infrastructure development company, surged on Monday after it announced a sharp rise in net profit for the quarter ended March 2014.  During the quarter, the profit of the company rose 10.69 times to Rs 759 million from Rs 71 million in the same quarter previous year.

Net sales for the quarter rose 14% to Rs 3,885 million, compared with Rs 3,408 million for the prior year period.

Shares of the company are trading at Rs 64.85, up Rs 3.05, or 4.94% at the Bombay Stock Exchange (BSE) on Monday at 10:56 a.m.

The scrip has touched an intra-day high of Rs 64.85 and low of Rs 64.85. The total volume of shares traded at the BSE is 70.

In the earlier session, the shares gained 4.92%, or Rs 2.9, at Rs 61.80. Currently, the stock is trading all time 52-week high, which is above 194.77% over the 52-week low of Rs 22.