COUNTRY CLUB (INDIA) LTD:HOLD

Dear Sirs,
I am having 6000 shares of country club at an average price of
Rs.18.00. Now the share price has fallen to Rs.9.00. Please suggest more on this
Script.
Ramesh babu
1. COUNTRY CLUB (INDIA) LTD a 2 rupee face value hotel and resort company country club holidays is a world famous brand of hotels.
2. Book value of COUNTRY CLUB (INDIA) LTD is 77.01 which is very high so this stock have multibagger potentials .
3. Promoter holding in COUNTRY CLUB (INDIA) LTD is 52.13 % and promoters increase their holding from 49.69 % so this is good for stock.
4. COUNTRY CLUB (INDIA) LTD Recommended a Final Dividend of 5% i.e. Re. 0.10 each equity share of Rs. 2/- (Rupees Two Only) each fully paid - up equity share of the Company for the Financial Year 2010-11.
5. COUNTRY CLUB (INDIA) LTD have approved the Draft Scheme of Amalgamation of M/s. Amrutha Estates & Hospitality Pvt Ltd, Hyderabad with M/s. Country Club (India) Ltd Hyderabad, as it would add substantial Shareholder value as the addition of the prime property results in a large increase in the Asset base of the Company.
this will also Consolidation under one umbrella to increase room inventory significantly.
6. COUNTRY CLUB (INDIA) LTD Approved the Shore Exchange Ratio at 37 new Shares of Rs. 2/- each of M/s. Country Club (India) Ltd for every 10 Shares of Rs. 2/- each of M/s. Amrutha Estates & Hospitality Pvt Ltd.
7. COUNTRY CLUB (INDIA) LTD Approved to raise funds by issue GDR / ADR / QIP / ECB / FCCB up to the tune of USD 150 Million.this point is negative but generally we see a speculative move before fund rising in a stock.
8. So my view is hold COUNTRY CLUB (INDIA) LTD for a target of 23+
9. I have no any share of COUNTRY CLUB (INDIA) LTD.
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