SUMMARY OUTPUT

Regression Statistics
Multiple R
0.46707177
R Square
0.218156038
Adjusted R Square
0.203940694
Standard Error
0.02044434
Observations
57
ANOVA
df
Regression
Residual
Total

Intercept
X Variable 1

1
55
56

SS
MS
F
Significance F
0.0064144
0.0064144 15.34651759
0.000249548
0.022988406 0.000417971
0.029402806

Coefficients
Standard Error
t Stat
P-value
0.002481691
0.002715781 0.913803996 0.364808522
1.049742225
0.267964798 3.917463157 0.000249548

Lower 95%
-0.002960855
0.512728773

Upper 95% Lower 95.0% Upper 95.0%

0.007924237 -0.002960855 0.007924237
1.586755678 0.512728773 1.586755678

Sl
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

APOLLO R(APOLLO
Normal
Date
TYRES
TYRES)
NIFTY
R(NIFTY)
Returns
4/26/2011
73
5868
4/27/2011
71
-0.0252
5834
-0.0059
4/28/2011
71
-0.0126
5785
-0.0083
4/29/2011
70
-0.0149
5750
-0.0062
5/2/2011
68
-0.0194
5701
-0.0084
5/3/2011
66
-0.0345
5565
-0.0239
5/4/2011
68
0.0319
5537
-0.0050
5/5/2011
69
0.0162
5460
-0.0140
5/6/2011
70
0.0203
5551
0.0168
5/9/2011
71
0.0028
5551
-0.0001
5/10/2011
72
0.0170
5541
-0.0018
5/11/2011
70
-0.0237
5565
0.0043
5/12/2011
69
-0.0093
5486
-0.0142
5/13/2011
70
0.0094
5545
0.0107
5/16/2011
69
-0.0171
5499
-0.0083
5/17/2011
67
-0.0334
5439
-0.0109
5/18/2011
67
0.0023
5421
-0.0034
5/19/2011
66
-0.0120
5428
0.0014
5/20/2011
66
-0.0030
5486
0.0107
5/23/2011
62
-0.0525
5387
-0.0182
5/24/2011
64
0.0265
5395
0.0015
5/25/2011
65
0.0149
5349
-0.0085
5/26/2011
67
0.0362
5412
0.0119
5/27/2011
70
0.0439
5476
0.0118
5/30/2011
69
-0.0214
5473
-0.0005
5/31/2011
69
0.0015
5560
0.0159
6/1/2011
71
0.0327
5592
0.0057
6/2/2011
71
-0.0035
5550
-0.0074
6/3/2011
70
-0.0169
5517
-0.0061
6/6/2011
70
0.0065
5532
0.0028
6/7/2011
72
0.0243
5556
0.0044
6/8/2011
72
-0.0014
5527
-0.0053
6/9/2011
72
0.0007
5521
-0.0010
6/10/2011
72
-0.0021
5486
-0.0064
6/13/2011
73
0.0133
5483
-0.0005
6/14/2011
72
-0.0124
5501
0.0032
6/15/2011
73
0.0237
5448
-0.0096
6/16/2011
76
0.0389
5397
-0.0093
6/17/2011
74
-0.0243
5366
-0.0056
6/20/2011
73
-0.0162
5258
-0.0202
6/21/2011
76
0.0328
5276
0.0034
6/22/2011
72
-0.0510
5278
0.0005
6/23/2011
73
0.0216
5320
0.0079
6/24/2011
75
0.0225
5471
0.0284
6/27/2011
77
0.0220
5527
0.0101

Abnormal
Returns

46 6/28/2011
47 6/29/2011
48 6/30/2011
49
7/1/2011
50
7/4/2011
51
7/5/2011
52
7/6/2011
53
7/7/2011
54
7/8/2011
55 7/11/2011
56 7/12/2011
57 7/13/2011
58 7/14/2011
59 7/15/2011
60 7/18/2011
61 7/19/2011
62 7/20/2011
63 7/21/2011
64 7/22/2011
65 7/25/2011
66 7/26/2011
67 7/27/2011
68 7/28/2011
69 7/29/2011
70
8/1/2011
71
8/2/2011
72
8/3/2011
73
8/4/2011
74
8/5/2011
75
8/8/2011
76
8/9/2011
77 8/10/2011
78 8/11/2011
79 8/12/2011
80 8/16/2011
81 8/17/2011
82 8/18/2011
83 8/19/2011
84 8/22/2011
85 8/23/2011
86 8/24/2011
87 8/25/2011
88 8/26/2011
89 8/29/2011
90 8/30/2011
91
9/2/2011

79
78
78
79
79
80
78
80
79
79
77
80
79
81
81
81
78
75
75
76

0.0275
-0.0121
0.0006
0.0212
-0.0076
0.0203
-0.0243
0.0153
-0.0075
0.0019
-0.0227
0.0394
-0.0118
0.0195
-0.0006
-0.0043
-0.0273
-0.0453
0.0033
0.0133

5545
5600
5647
5627
5651
5632
5625
5729
5661
5616
5526
5585
5600
5581
5567
5614
5567
5542
5634
5680

0.0034
0.0099
0.0084
-0.0036
0.0041
-0.0033
-0.0012
0.0184
-0.0119
-0.0079
-0.0160
0.0107
0.0026
-0.0033
-0.0025
0.0084
-0.0083
-0.0046
0.0167
0.0082

74

-0.0269

5575

-0.0186

74
75
73
73
74
73
72
70
67
70
71
67
62
56
59
56
53
55
58
57
55
54
56
60
60

-0.0014
0.0142
-0.0253
-0.0021
0.0110
-0.0115
-0.0151
-0.0244
-0.0493
0.0435
0.0230
-0.0647
-0.0714
-0.0964
0.0565
-0.0458
-0.0596
0.0378
0.0492
-0.0139
-0.0273
-0.0199
0.0360
0.0660
-0.0050

5547
5488
5482
5517
5457
5405
5332
5211
5119
5073
5161
5138
5073
5036
5057
4944
4846
4899
4949
4889
4840
4748
4920
5001
5040

-0.0050
-0.0106
-0.0010
0.0063
-0.0109
-0.0095
-0.0135
-0.0226
-0.0178
-0.0089
0.0174
-0.0044
-0.0127
-0.0073
0.0041
-0.0222
-0.0199
0.0110
0.0102
-0.0121
-0.0101
-0.0190
0.0362
0.0165
0.0078

-0.0010
-0.0002
0.0112
-0.0062
-0.0023
0.0200
0.0111
EVENT
-0.0028
-0.0087
0.0014
0.0091
-0.0090
-0.0075
-0.0117
-0.0213
-0.0162
-0.0069
0.0207
-0.0021
-0.0109
-0.0052
0.0068
-0.0209
-0.0184
0.0140
0.0132
-0.0102
-0.0081
-0.0174
0.0405
0.0199
0.0107

0.0205
-0.0005
-0.0156
-0.0211
-0.0430
-0.0166
0.0022
0.0014
0.0229
-0.0267
-0.0112
0.0199
-0.0041
-0.0034
-0.0031
-0.0330
0.0504
0.0023
-0.0626
-0.0606
-0.0912
0.0496
-0.0249
-0.0411
0.0238
0.0360
-0.0036
-0.0192
-0.0025
-0.0045
0.0461
-0.0157

92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131

9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011
10/7/2011
10/10/2011
10/11/2011
10/12/2011
10/13/2011
10/14/2011
10/17/2011
10/18/2011
10/19/2011
10/20/2011
10/21/2011
10/24/2011
10/25/2011
10/26/2011
10/28/2011
10/31/2011
11/1/2011

62
63
63
62
60
58
58
60
60
59
60
60
60
58
59
56
57
56
56
55
53
52
53
55
57
57
58
57
57
56
54
54
53
54
54
56
56
57
58
56

0.0345
0.0268
-0.0032
-0.0095
-0.0361
-0.0399
0.0069
0.0241
0.0034
-0.0159
0.0213
-0.0092
0.0151
-0.0397
0.0129
-0.0528
0.0323
-0.0296
-0.0009
-0.0063
-0.0425
-0.0208
0.0241
0.0263
0.0367
0.0133
0.0166
-0.0215
-0.0061
-0.0159
-0.0233
-0.0064
-0.0120
0.0075
0.0084
0.0313
-0.0054
0.0233
0.0123

5017
5064
5125
5153
5059
4947
4941
5013
5076
5084
5032
5140
5133
4924
4868
4835
4971
4946
5015
4943
4850
4772
4751
4888
4980
4974
5099
5078
5132
5118
5038
5139
5092
5050
5098
5192
5202
5361
5327
5258

-0.0045
0.0094
0.0119
0.0056
-0.0182
-0.0223
-0.0012
0.0145
0.0126
0.0017
-0.0103
0.0215
-0.0014
-0.0408
-0.0114
-0.0066
0.0281
-0.0051
0.0141
-0.0144
-0.0190
-0.0160
-0.0044
0.0288
0.0187
-0.0011
0.0251
-0.0042
0.0107
-0.0027
-0.0158
0.0202
-0.0092
-0.0082
0.0096
0.0183
0.0020
0.0305
-0.0064

-0.0023
0.0123
0.0150
0.0083
-0.0166
-0.0209
0.0012
0.0177
0.0157
0.0042
-0.0083
0.0251
0.0011
-0.0404
-0.0094
-0.0045
0.0320
-0.0029
0.0172
-0.0126
-0.0174
-0.0143
-0.0021
0.0327
0.0221
0.0014
0.0289
-0.0020
0.0137
-0.0004
-0.0141
0.0237
-0.0072
-0.0062
0.0125
0.0217
0.0045
0.0345
-0.0042

alpha
beta

0.0367
0.0145
-0.0182
-0.0179
-0.0194
-0.0190
0.0057
0.0064
-0.0123
-0.0201
0.0296
-0.0342
0.0141
0.0006
0.0224
-0.0483
0.0004
-0.0267
-0.0181
0.0063
-0.0250
-0.0065
0.0262
-0.0064
0.0145
0.0119
-0.0123
-0.0195
-0.0199
-0.0155
-0.0092
-0.0301
-0.0048
0.0137
-0.0042
0.0096
-0.0099
-0.0112
0.0165

0.0024817
1.0497422

APOLLO R(APOLLO
Sl No Date
TYRES
TYRES)
NIFTY
R(NIFTY)
1 27-Jul-11
73.95
-0.0014 5546.8 -0.0050
2 28-Jul-11
75
0.0142 5487.75 -0.0106
3 29-Jul-11
73.1
-0.0253
5482 -0.0010
4 30-Jul-11
72.95
-0.0021 5516.8
0.0063
5 31-Jul-11
73.75
0.0110 5456.55 -0.0109
6 1-Aug-11
72.9
-0.0115 5404.8 -0.0095
7 2-Aug-11
71.8
-0.0151 5331.8 -0.0135
8 3-Aug-11
70.05
-0.0244 5211.25 -0.0226
9 4-Aug-11
66.6
-0.0493 5118.5 -0.0178
10 5-Aug-11
69.5
0.0435 5072.85 -0.0089
11 6-Aug-11
71.1
0.0230
5161
0.0174
12 7-Aug-11
66.5
-0.0647 5138.3 -0.0044
13 8-Aug-11
61.75
-0.0714 5072.95 -0.0127
14 9-Aug-11
55.8
-0.0964 5035.8 -0.0073
15 10-Aug-11
58.95
0.0565 5056.6
0.0041

Normal Abnormal
Returns Returns
-0.0028
0.0014
-0.0087
0.0229
0.0014
-0.0267
0.0091
-0.0112
-0.0090
0.0199
-0.0075
-0.0041
-0.0117
-0.0034
-0.0213
-0.0031
-0.0162
-0.0330
-0.0069
0.0504
0.0207
0.0023
-0.0021
-0.0626
-0.0109
-0.0606
-0.0052
-0.0912
0.0068
0.0496
CAR
CAAR

-0.149149993
-0.009943333