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