Karnataka Bank Shares Gain 7% After Heavy Buying; Stock Rallies 14% in 2 Days Post Rs. 70 Cr Block Deal

Karnataka Bank shares saw a sharp surge in early trade on Monday, extending their recent gains. The stock opened at Rs. 194 and quickly jumped to an intraday high of Rs. 201.78, with a strong start to the week. By 10:30 am, Karnataka Bank shares were trading at Rs. 196.63, up 4.17%, and nearly 7% higher than the previous day's close of Rs. 188.

Block Deal Triggers Buying Interest

The continued rally in the Karnataka bank shares is a remnant of the huge market deal that took place on Friday. Investor and entrepreneur Aditya Kumar Halwasiya purchased 38 lakh shares of Karnataka Bank on Nov 21. The stake, valued at Rs. 70 crore, was acquired at an average price of Rs. 185.87 per share. As per the report, the trading activity also skyrocketed, with over 3.67 crore shares changing hands, nearly 28 times the bank's 10-day average volume. Over the past week, Karnataka Bank's share price has gained more than 11.50%, and almost 9% in the last month.

In a separate development regarding the leadership update. Raghavendra S. Bhat has been appointed as the new Managing Director & CEO of Karnataka Bank for a one-year term, effective November 16, 2025.

Karnataka Bank Q2 Results

In its latest quarterly update, Karnataka Bank reported a net profit of Rs. 319.12 crore for the quarter ending September 2025, marking a 9.1% improvement from the previous quarter's profit of Rs. 292.40 crore. The bank's net interest income stood at Rs. 728.12 crore. Asset quality also showed improvement, with gross NPAs easing to 3.33% from 3.46% in June 2025 and net NPAs reducing to 1.35% from 1.44%, indicating better loan recovery and lower slippages.

About Karnataka Bank

Founded in 1924 and headquartered in Mangaluru, Karnataka Bank is one of India's well-established private sector lenders. The bank operates more than 950 branches and over 1,000 ATMs across 22 states, serving nearly 11 million customers. Its services include retail banking, corporate banking, MSME loans, agricultural finance, and treasury operations.