Return | 0th day | +1st day | +10th day | +20th day |
<−5% | 0 | 2 | 0 | 0 |
−2% to −5% | 6 | 2 | 2 | 0 |
−2% to 0% | 8 | 8 | 14 | 15 |
0% to 2% | 14 | 14 | 10 | 9 |
2.01% to 5% | 2 | 4 | 4 | 5 |
5.01% to 20% | 0 | 0 | 0 | 1 |
>20.00% | 0 | 0 | 0 | 0 |
Deviation in Abnormal Return | 0th day | +1st day | +10th day | +20th day |
up to 2% | 22 | 22 | 24 | 24 |
2% to 5% | 8 | 6 | 6 | 5 |
more than 5% | 0 | 2 | 0 | 1 |
Total No. of Firms | 30 |