Bengaluru, June 24 -- This construction-focused stock, engaged in civil contracting and infrastructure development, rose over 4% on Tuesday after receiving a Rs 621 crore Letter of Intent for a redevelopment project in Mumbai.

With the market capitalization of Rs 2,770 Crores, the shares of Capacit'e Infraprojects Limited jumped over 4% making an intraday day high of Rs 329.40 per share from its previous closing price of Rs 315.40 per share.

Capacit'e Infraprojects Ltd has received a Letter of Intent worth Rs 621 crore from Saifee Burhani Upliftment Trust for core and shell construction, finishing, and MEPF services for Sector 07 of the Bhendi Bazaar redevelopment project in Mumbai. The contract is part of the company's regular civil co...