New Delhi, April 13 -- Small-cap stock Enviro Infra surged almost 15% in intraday trade on the BSE on Monday, April 13, defying weak stock market sentiment. Enviro Infra Engineers' share price opened at Rs.185.05 against its previous close of Rs.173.35 and surged as much as 14.9% to an intraday high of Rs.199.15. On the other hand, equity benchmark Sensex crashed more than 2% during the session.

The stock saw strong gains after it announced receiving a letter of empanelment for the execution of two projects in Maharashtra.

In an exchange filing on April 11, Enviro Infra said it had received Letter of Empanelments (LoEs) on April 10 for the execution of two projects worth Rs.587.208 crore from the Swachh Maharashtra Mission Directorate....