Shares of railway coach maker Titagarh Wagons rose as much as 7 per cent to their highest since January 31.
The stock opened at Rs 117 against the previous close of Rs 110.25 and hit a high of Rs 117.95.
At about 10.25 am, the stock was up 4.17 per cent or Rs 4.60 at Rs 114.85.
The company has reported a profit of Rs 3.28 crore in the October-December quarter compared with a loss of Rs 39 lakh for the same period last year.
The company has got a Letter of Intent from the National Institute of Ocean Technology, Ministry of Earth Sciences, for construction and delivery of two coastal research vessels worth Rs 100 crore.
As of Monday's close, the stock has fallen 21.7 per cent in the past one year.