Lanco Industries shoots up 11% amid heavy volumes

Shares of Lanco Industries , which engaged in the business of manufacturing pipes for conveying safe drinking water for domestic and overseas markets, rallied as much as 11% to touch an intraday high of Rs 26.90.
 
At 15:08 hours IST, the share was trading at Rs 26.40, up 9.09%. Market capitalisation of the company currently stands at Rs 104.98 crore.
 
Even its trading volumes spiked 458% to 32,677 shares as compared to its 5-day average of 5,857 shares.