Country Club spurts as board approves sale of assets

Country Club Hospitality & Holidays jumped 8.66% to Rs 13.80 at 09:31 IST on BSE after the company's board approved sale of assets for the purpose of debt reduction of the company.

The announcement was made after market hours yesterday, 27 June 2017.

Meanwhile, the S&P BSE Sensex was down 18.54 points, or 0.06%, to 30,939.71. The S&P BSE Small-Cap index was down 9.66 points, or 0.06%, to 15,131.42.

On BSE, 82,000 shares were traded in the counter as against average daily volume of 83,985 shares over the past one quarter. The stock hit a high of Rs 13.95 and a low of Rs 13.20 so far during the day. The stock had hit a 52-week high of Rs 17.54 on 7 November 2016 and a 52-week low of Rs 11.68 on 30 March 2017.

 

The small-cap company has an equity capital of Rs 32.69 crore. Face value per share is Rs 2.

Country Club Hospitality & Holidays' board has approved to sell, liquidate, transfer or lease back or dispose such assets which add limited value to the operations and profitability of the company, for the purpose of debt reduction.

Country Club Hospitality & Holidays reported net loss of Rs 2.24 crore in Q4 March 2017 as compared with net profit of Rs 0.91 crore in Q4 March 2016. Net sales fell 19.16% to Rs 66.56 crore in Q4 March 2017 over Q4 March 2016.

Country Club Hospitality & Holidays offers liesure hospitality membership services in India.

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