Black rose industries: HOLD

Hi Mahesh ji, I am holding Black rose industries for the past few years. Brought @ around 15 Rs.During 2011 there was a bonus issue (1:1) making my average cost around 7. Currently its trading at around 4.80 Rs. Whether i can hold this stock. Please let me know your views on this stock. Thanks in advance. Rajkumar 
1.Black Rose Industries Ltd is a 1 rupee face value chemical company. 
2. Stock of Black Rose Industries Ltd traded at 4.83 year high 7.96 Year low 4.51 , which is normal. 
3.Promoters holding 75 % which is also good. 
4.In 5.07.2011 stock give a bonus of 1:1 , this is the reason of currant downtrend read chapter 9 in my book "BONUS AND STOCK SPLIT GIVE ONLY PSYCHOLOGICAL EFFECT ON INVESTORS" as i describe in this chapter that a stock is enter in 2-3 year downtrend or slow moving zone after a recent bonus and split issue. 
5. This is a low volume stock so liquidity is a problem for Black rose industries. 
6. Stock is not so bad so I think just hold it and wait any rally. 
7. I have no any stock of Black rose industries.