Block deals impact: Karnataka Bank shares jump 11%, Apex Frozen hits 20% upper circuit

The shares of Karnataka Bank jumped nearly 11 percent on November 21, while Apex Frozen Foods shares surged 20 percent to hit the upper circuit. This came after large number of shares of the companies were traded in block deals.

Karnataka Bank shares rose to Rs 193.99, the highest level seen by the stock in around four months. Apex Frozen Foods shares meanwhile remained locked in the upper circuit at Rs 332.28 apiece.

Karnataka Bank share price:

Around 62.94 lakh shares of Karnataka Bank changed hands across ten block deals at an average price of Rs 186.22 per share. This implies a premium of more than 6 percent from the stock’s previous closing price.

More than 3.67 crore shares were involved in active trade today, which is nearly 28 times that of its 10-day average volumes. The stock moved above its 50-day, 100-day and 200-day simple moving averages during the session.

Karnataka Bank shares pared some gains by the end of the day to close around 8 percent higher at Rs 188.50 apiece. The stock has gained more than 5 percent in the past five days, and around 4 percent in the past one month.

The shares of the lender however fell around 5 percent in the past six months, and are down more than 11 percent in 2025 so far. The stock’s P/E ratio currently stands at 5.68.

Apex Frozen Foods share price:

Apex Frozen Foods shares hit a three-year high of Rs 332.28 apiece, hitting a fresh 52-week high. Nearly 16.37 lakh shares changed hands in multiple block deals at an average price of Rs 323.81 apiece. This marks a premium of nearly 17 percent from the stock’s previous closing price of Rs 276.9 apiece.

The total transaction value stood at Rs 52.67 crore.