Bengaluru, Jan. 2 -- The shares of this company, which is a Mumbai-based real estate company that concentrates on the redevelopment of old residential societies and basically deals with the redevelopment of old buildings and the delivery of new residential projects in the city of Mumbai and other nearby areas, had its shares in momentum today following a redevelopment project worth Rs 250 crore being received by the company.

With the market cap of Rs 675 crore, the shares of Modis Navnirman Ltd had hit their intraday high at Rs 360, gaining about 5 per cent compared to their previous day's closing price of Rs 343. The shares are trading at a PE of 34.2, whereas their industry PE is at 34.8.

Modis Navnirman Limited has bagged a redevelop...