Dena Bank, Andhra Bank, Kwality Ltd and Dewan Housing Finance Corporation Ltd are among the other gainers in the BSE's 'A' group today, 06 November 2018.

Jai Corp Ltd spiked 10.34% to Rs 117.95 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.32 lakh shares were traded on the counter so far as against the average daily volumes of 2.56 lakh shares in the past one month.

Dena Bank surged 6.83% to Rs 17.2. The stock was the second biggest gainer in 'A' group. On the BSE, 4.59 lakh shares were traded on the counter so far as against the average daily volumes of 2.09 lakh shares in the past one month.

Andhra Bank soared 5.22% to Rs 30.25. The stock was the third biggest gainer in 'A' group. On the BSE, 3.3 lakh shares were traded on the counter so far as against the average daily volumes of 1.56 lakh shares in the past one month.

Kwality Ltd advanced 4.93% to Rs 7.02. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10.48 lakh shares were traded on the counter so far as against the average daily volumes of 9.33 lakh shares in the past one month.

Dewan Housing Finance Corporation Ltd rose 4.25% to Rs 229.25. The stock was the fifth biggest gainer in 'A' group. On the BSE, 8.85 lakh shares were traded on the counter so far as against the average daily volumes of 38.48 lakh shares in the past one month.

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Net profit of Jai Corp rose 21.07% to Rs 8.39 crore in the quarter ended September 2018 as against Rs 6.93 crore during the previous quarter ended September 2017. Sales rose 20.74% to Rs 169.70 crore in the quarter ended September 2018 as against Rs 140.55 crore during the previous quarter ended September 2017.

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Jai Corp will hold a meeting of the Board of Directors of the Company on 2 November 2018.

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Jai Corp announced that its wholly-owned subsidiary company, Urban Infrastructure Venture Capital ('UIVCL') will inter alia seek the approval of its shareholders to amalgamate it's (i.e. UIVCL's) wholly-owned subsidiary company UI Wealth Advisors ('UIWAPL') with itself at the ensuing Annual General Meeting scheduled to be held on 27 September 2018.

Since the financial statements of both UIVCL and UIWAPL are already being consolidated with the financial statements of the Company, no material financial impact is expected to result from the proposed amalgamation.

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