Karnataka Bank Extends Rally as Heavy Buying Lifts Stock Nearly 7% in Early Trade

Karnataka Bank shares jumped sharply on Monday, continuing the momentum from last week’s large block deal. The stock opened at ₹194 and surged to an intraday high of ₹201.78 before settling around ₹196.63 by mid-morning up over 4% and nearly 7% above the previous close. The rally follows investor Aditya Kumar Halwasiya’s purchase of 38 lakh shares worth ₹70 crore on November 21 at an average price of ₹185.87. Trading volumes spiked significantly, with 3.67 crore shares exchanging handsabout 28 times the 10 day average.