Bharat Electronics (BEL), a state-owned electronics company, gained on Monday after it posted a steady growth in net profit for the quarter ended March 2014.  During the quarter, the profit of the company rose 12% to Rs 6.63 billion from Rs 5.92 billion in the same quarter previous year.

Net sales for the quarter rose 12.71% to Rs 31.31 billion, compared with Rs 27.77 billion for the prior year period.

Shares of the company are trading at Rs 1,649, up Rs 37.55, or 2.33% at the Bombay Stock Exchange (BSE) on Monday at 11:23 a.m.

The scrip has touched an intra-day high of Rs 1,665 and low of Rs 1,623.30. The total volume of shares traded at the BSE is 5,973.

In the earlier session, the shares climbed 2.35%, or Rs 37.05, at Rs 1,611.45. Currently, the stock is trading down 5.32% from its 52-week high of Rs 1,741.60 and above 84.25% over the 52-week low of Rs 895.