Shares of Jubilant Foodworks Ltd gain as much as 7.2 percent to 1,719.90 rupees, their highest since Aug 28, 2015.
Stock posts its biggest intraday pct gain since July 17.
Co posts Q2 profit of 484.7 mln rupees ($7.47 million), more than double from a year earlier, beating street estimates.
The 9 pct rise in Q2 revenue was also above the 6 pct growth estimated by brokerage firm Emkay Global, which currently has an "accumulate" rating on the stock.
Higher EBITDA margins were aided by lower other expenses and curtailed rentals, Emkay says.
14 of the 30 analysts covering the stock have a "buy" rating while 5 have "hold and 11 "sell"; median PT is 1,258 rupees - Thomson Reuters data.
Stock had gained about 88 pct this year up to Wednesday's close.
($1 = 64.8600 Indian rupees)
