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Stocks to watch out for on Thursday

Indian shares may open in upbeat mood on Thursday following positive global cues. The SGX Nifty, which was trading at 9,966, up by 21 points, is indicating a positive start for the day.

Following are the top stocks to watch out for during Thursday’s trading session. Nifty50 index ended at 9,916, lower by 36 points from its previous close.

Reliance Industries: The company participated in an on-line e-bidding process held recently by Allahabad Bank being leader of the consortium of 11 banks to sell or dispose off assets of Kemrock Industries & Exports Limited of Vadodara (Gujarat) and has been declared as the winner in the said bid. The stock is going to turn ex-bonus on Thursday.

Avanti Feeds: The company reported the exchanges that it has started commercial production of shrimp processing and export at its new Plant in Andhra Pradesh, with effect from August 31, 2017.

NBCC (India): The company has won an order worth Rs 464 crore from the government. The stock has been trading near its 52-week high of Rs 219.3 per share on BSE.

Raymond: LIC has reduced its stake in Raymond by 2.01%. The stock ended at Rs 856.15 per share, up by 0.35% or Rs 3 per share on Wednesday.

Sasken Technologies: National Company Law Tribunal (NCLT) have approved the scheme of amalgamation of Sasken Network Engineering with its holding Company, Sasken Technologies.