Kwality climbed on Monday after it entered a Memorandum of Understanding (MOU) with Central Bank of India.

The MoU is signed for providing financial assistance for expansion/establishment of dairy farm of Milk Producer Farmers (MPF) under bank's Cent Dairy Scheme.

Shares of the company are trading at Rs 57, up Rs 1.6, or 2.98% at the Bombay Stock Exchange (BSE) on Monday at 11:40 a.m.

The scrip has touched an intra-day high of Rs 57.30 and low of Rs 56. The total volume of shares traded at the BSE is 140,282.