Jain Irrigation Systems, a leading manufacturer of irrigation systems, plastic sheets and pipes and fittings, climbed on Monday after a media report quoted that the company is planning to sell a stake in its food-processing business to private equity funds.

Shares of the company are trading at Rs 65.95, up Rs 1.5, or 2.33% at the Bombay Stock Exchange (BSE) on Monday at 11:15 a.m.

The scrip has touched an intra-day high of Rs 67.05 and low of Rs 65.10. The total volume of shares traded at the BSE is 586,759.

In the earlier session, the shares gained 3.29%, or Rs 2.05, at Rs 64.45. Currently, the stock is trading down 12.18% from its 52-week high of Rs 75.10 and above 43.06% over the 52-week low of Rs 46.10.