KPIT Technologies gained on Tuesday after the company acquired 50% stake held by Bharat Forge in Impact Automotive Solutions, an equal joint venture between the company and Bharat Forge, formed for the manufacture of hybrid solutions for automotives.

The stake was acquired by the company for Rs 108 million. After this transaction, Impact Automotive Solutions has become a wholly owned subsidiary of the company.

Shares of the company gained Rs 1.9, or 1.19%, to trade at Rs 161.20. The total volume of shares traded was 188,105 at the BSE (1.17 p.m., Tuesday).

The scrip has touched an intra-day high of Rs 163.90 and low of Rs 157.40. The total volume of shares traded at the BSE is 189,733.