Shares of state-run Rashtriya Chemicals and Fertilizers Limited went up as much as five per cent to Rs 58.6, marking their biggest intra-day percentage gain since March 5.
The company posted a 64 per cent jump in the consolidated profit for the March-quarter.
Over 1.1 million shares change hands in early trade hours.
As of Tuesday's close, the stock was down 12.7 per cent this year.