Shares of Finolex Industries jumped over 5 %, hitting 52-week high, on the Bombay Stock Exchange after the India's largest rigid PVC pipes & fittings manufacturer registered a growth of 69.5 per cent in its standalone net profit after tax at Rs 71.94 crore for the October-December quarter of FY17, despite decline in volumes due to cash ban. 

Boosted by strong Q3 earnings, shares of company gained as much as 5.11 per cent to hit 52-week high in intra-day trade to Rs 515.00 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company rose 4.18 % to Rs 512.00 apiece on the National Stock Exchange.

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 Meanwhile, the broader benchmark BSE Sensex was trading at 28,452.65, up 212.13 points, or 0.75 per cent.