Bharat Forge shares went up on Monday after the company has divested its 50% stake in Impact Automotive Solutions, which was formed, earlier in 2010 as a JV with KPIT Technologies. The JV was formed for the manufacture of hybrid solutions for automotive.

The stake was sold by the company to the other JV Partner, KPIT Technologies for Rs 108 million against an initial investment of Rs 149.1 million.

Shares of the company are trading at Rs 865.40, up Rs 7, or 0.82% at the Bombay Stock Exchange (BSE) on Monday at 10:45 a.m.

The scrip has touched an intra-day high of Rs 870.25 and low of Rs 850. The total volume of shares traded at the BSE is 17,483.