Piramal Enterprises’ shares dipped 2.3% after the company announced plans for a public issuance of non-convertible debentures (NCDs). The decision will be finalized at a board meeting on Friday. While the stock has performed well over the past year and YTD, it’s seen a slight decline recently and is currently trading below its 10-day EMA but above other key EMAs.
Rising concentration in AI stocks poses a risk: Kunal Kapoor, Morningstar CEO
Kunal Kapoor, the CEO of Morningstar, voiced unease about the dangers of focusing investments heavily on AI stocks during his Mumbai trip. He stressed that