The stock price of Karnataka Bank has witnessed a significant surge on the stock exchanges rallying over eight percent in a single session and marking a cumulative jump of twenty three percent over the last five days due to aggressive buying by high profile investors Aditya Kumar Halwasiya the Chairman and Managing Director of Cupid Limited has further consolidated his position in the private sector lender by acquiring an additional 45 lakh shares through market transactions worth approximately ninety crore rupees

This latest move comes shortly after his initial purchase of 38 lakh shares last week which had already sparked interest among the trading community The total investment by the Cupid CMD signals a strong vote of confidence in the banks transformation journey and future growth prospects prompting other investors to flock to the counter The bank which has no promoter holding and is backed by major institutional players like Quant Mutual Fund saw its volumes spike as the market reacted enthusiastically to the news of continued accumulation by Halwasiya Analysts believe this strategic entry could indicate long term value creation as the bank focuses on improving its asset quality and expanding its digital footprint under the current leadership The consecutive bulk purchases have effectively turned the sentiment around for the stock making it one of the top performers in the banking sector for the week

Read More: Cupid CMD Aditya Halwasiya Increases Stake in Karnataka Bank with Massive Share Purchase