Corporation Bank, Vodafone Idea Ltd, Jain Irrigation Systems Ltd and Manpasand Beverages Ltd are among the other gainers in the BSE's 'A' group today, 04 July 2019.

IIFL Finance Ltd spiked 11.48% to Rs 163.2 at 11:49 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5363 shares were traded on the counter so far as against the average daily volumes of 15500 shares in the past one month.

Corporation Bank surged 7.63% to Rs 27.5. The stock was the second biggest gainer in 'A' group. On the BSE, 2.75 lakh shares were traded on the counter so far as against the average daily volumes of 18122 shares in the past one month.

Vodafone Idea Ltd soared 6.96% to Rs 12.75. The stock was the third biggest gainer in 'A' group. On the BSE, 1310.9 lakh shares were traded on the counter so far as against the average daily volumes of 41.59 lakh shares in the past one month.

Jain Irrigation Systems Ltd advanced 5.45% to Rs 27.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.28 lakh shares were traded on the counter so far as against the average daily volumes of 37.64 lakh shares in the past one month.

Manpasand Beverages Ltd rose 5.00% to Rs 43.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1918 shares were traded on the counter so far as against the average daily volumes of 83472 shares in the past one month.

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The Board of IIFL Holdings approved the following change in directorate from 21 May 2019 -

V.K. Chopra, Independent Director and Chairman of India Infoline Finance is appointed as an Additional Director in the capacity of an Independent Director of the Company subject to approval of Shareholders of the Company.

Nagarajan Srinivasan, a Non Executive Director of India Infoline Finance is appointed as an additional Director in the capacity of an Non-Executive Director of the Company.

Due to aforesaid reorganization and to facilitate aforesaid appointment of Directors of India Infoline Finance on the Board of the Company, Kranti Sinha and S. Narayan, Independent Directors, have resigned from the Board.

However, Kranti Sinha and S. Narayan will continue as Independent Directors of various other subsidiaries/ IIFL Group Companies.

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Net profit of IIFL Holdings declined 3.95% to Rs 126.64 crore in the quarter ended March 2019 as against Rs 131.85 crore during the previous quarter ended March 2018. Sales declined 7.94% to Rs 128.05 crore in the quarter ended March 2019 as against Rs 139.09 crore during the previous quarter ended March 2018.

For the full year,net profit declined 31.47% to Rs 147.12 crore in the year ended March 2019 as against Rs 214.69 crore during the previous year ended March 2018. Sales declined 38.87% to Rs 150.55 crore in the year ended March 2019 as against Rs 246.26 crore during the previous year ended March 2018.

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Net profit of IIFL Holdings rose 12.43% to Rs 314.66 crore in the quarter ended March 2019 as against Rs 279.86 crore during the previous quarter ended March 2018. Sales declined 16.94% to Rs 1411.52 crore in the quarter ended March 2019 as against Rs 1699.31 crore during the previous quarter ended March 2018.

For the full year,net profit declined 21.20% to Rs 804.33 crore in the year ended March 2019 as against Rs 1020.66 crore during the previous year ended March 2018. Sales declined 21.05% to Rs 4988.45 crore in the year ended March 2019 as against Rs 6318.55 crore during the previous year ended March 2018.

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