The promoters of Adani Enterprises, the flagship company of the Adani group, have been banned by SEBI from dealing in the stock markets, directly or indirectly, for a period of 2 years. Following this announcement, the share prices of Adani Enterprises tumbled. Adani Enterprises closed the day, down 10% at Rs. 212. I wonder how the promoters being banned from dealing in the stock markets, will impact the performance of Adani Enterprises in a drastic manner. Maybe the 10% fall is due to the theory of reflexivity?
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