Blue Star, India's largest air conditioning (AC) & commercial refrigeration company, jumped on Monday after it registered a sharp rise in net profit for the quarter ended March 2014.  During the quarter, the profit of the company rose 2.31 times to Rs 427.90 million from Rs 185.50 million in the same quarter previous year.

Net sales for the quarter rose marginally 1.22% to Rs 8,686.80 million, compared with Rs 8,582 million for the prior year period.

Shares of the company are trading at Rs 290, up Rs 19.7, or 7.29% at the Bombay Stock Exchange (BSE) on Monday at 11:34 a.m.

The scrip has touched an intra-day high of Rs 295 and low of Rs 270. The total volume of shares traded at the BSE is 15,276.

In the earlier session, the shares declined 1.55%, or Rs 4.25, at Rs 270.30. Currently, the stock is trading all time 52-week high, which is above 122.82% over the 52-week low of Rs 130.15.