Meanwhile, the BSE Sensex was up 39.08 points, or 0.43%, to 9105.90.

On BSE, 2.71 lakh shares were traded in the counter. The stock hit a high of Rs 1635.25 and a low of Rs 1450 so far during the day.

The stock had a 52-week high of Rs 4562 on 29 February 2008 and a 52-week low of Rs 1375 on 21 January 2009.

The mid-cap e-learning solutions provider has an equity capital of Rs 17.28 crore. Face value per share is Rs 10.

The current price of Rs 1486.80 discounts its Q3 December 2008 annualised EPS of Rs 73.03, by a PE multiple of 20.35.

On the heels of the Satyam fraud, a number of companies both from the public and private sectors have come under the Ministry for Corporate Affairs scanner.

Commenting on the fudging allegation, Educomp MD Shantanu Prakash was quoted by media as saying the rumour was spread by a bear cartel, which tried to hammer the company's share price after short-selling. He maintained that Educomp's books are clean.

The Educomp stock has lost 32.85% in past on month. Educomp has been in the public glare following allegations that its accounts were fudged. This was even as the company had lodged a complaint with the Economic Offences Wing also seeking a Securities and Exchange Board of India (Sebi) probe.

Educomp Solutions' net profit rose 24.3% to Rs 31.55 crore on a 48% rise in sales to Rs 145.28 crore in Q3 December 2008 over Q2 September 2008.

Educomp Solutions is a technology-driven, e-learning solutions provider specializing in creation, management and delivery of learning content.