LIC saw a decisive breakout of long falling resistance trendline adjoining highs of December 20 last year, and August 11 this year. The stock has formed a bullish candlestick pattern with long upper shadow on the daily charts with strong volumes.

The settlement of the feud removed the overhang on stocks of the Murugappa Group companies. Now the management and shareholders can focus on growth of the Group.

The family members of the Murugappa family have agreed to settle disputes and differences in order to "maintain overall harmony within the family". As part of the family arrangement, all legal proceedings between family members will be withdrawn, and no listed company in the Murugappa Group will be a party to the agreement. The family arrangement comes after Valli Arunachalam, a scion of the group, had moved the National Company Law Appellate Tribunal alleging oppression and seeking representation on the holding company, Ambadi Investments.

The company's revenue fell 3 percent year-on-year YoY to Rs 710.76 crore in Q1FY24.

This year, as we continue the journey towards a decade, Startup India remains firmly in focus, in keeping with the countrys standing as the worlds third largest startup ecosystem, and aspiring to be Number 1.