Shares of the company surged 7.64% intraday, before trading 3.42% higher at Rs 4,995 apiece as of 10:17 a.m., compared to a 0.70% advance in the BSE Sensex.

The total traded quantity so far in the day stood at 19 times the 30-day average volume. The stock’s relative strength index stands at 79, indicating that it may be overbought.