New Delhi, Sept. 11 -- Pine Labs shares witnessed a sharp rally on Friday, climbing more than 13% amid a significant surge in trading activity. The stock gained as much as 13.5% to touch an intraday high of Rs.196.50, while volumes on both the NSE and BSE jumped sharply compared with their recent averages.

On the NSE, as many as 11.57 crore shares changed hands, with trading volume rising 3.8 times compared with the average volume of 3.05 crore shares. On the BSE, 68 lakh shares were traded, significantly higher than the average daily volume of 15 lakh shares recorded over the past two weeks.

The strong move comes against the backdrop of a volatile trading history for Pine Labs. Pine Labs shares have delivered gains across several timef...