The stock jumped 6.34 per cent to Rs 14.25 on BSE.
On NSE, shares of the company surged 5.94 per cent to Rs 14.25.
On the volume front, 8.73 lakh shares of the company were traded on BSE and over 29 lakh shares changed hands at NSE during the morning session.
It had posted a net loss of Rs 151.2 crore in the year-ago period.
Total income of the company increased to Rs 2,049.8 crore in the quarter under review from Rs 990 crore in the corresponding period of previous year, the company had said in a regulatory filing yesterday.