IDBI Bank share price rockets 19%. What’s triggering the massive surge?

IDBI Bank shares surged 19% in intraday trade with volumes of about 18,000 crore and 82 lakh shares changing hands in six block deals. The rally is attributed to reports that the government is exploring ways to revive the stalled privatisation, potentially reconsidering earlier rejected bids from Fairfax Financial Holdings and Emirates NBD that fell short of the reserve price. Separately, the bank posted a Q4FY26 net profit of Rs 1,943.2 crore, down 5.3% YoY, while net interest income rose 17% YoY to Rs 3,851.5 crore and gross NPAs improved to 2.32% from 2.57% sequentially.