Shares of Jubilant Life Sciences Ltd rose as much as 12.8 per cent to Rs 762 in early trade on Wednesday.

At about 10.55 am, the stock was quoting at Rs 751, up Rs 72.75 or 10.73 per cent.

The company's Q4 profit jumped nearly 14 times, helped by a 13 per cent rise in revenue from its life science ingredients segment.

“The positive surprise is largely due to higher revenues in life science ingredients segment," Nomura analysts say.

The stock posted its highest intraday percentage gain since January 4.

About 1.4 million shares traded by 0500 GMT, more than two times the stock's 30-day average.

The stock is up about 7 per cent this year as of Tuesday's close.