The stock has lost 19.13% in last four days from Rs 1796.75 on 29 January 2009.

Meanwhile, the BSE Sensex was up 173.36 points, or 1.89%, to 9322.67.

On BSE, 3.16 lakh shares were traded in the counter. The scrip had an average daily volume of 5.39 lakh shares in the past one quarter.

The stock hit a high of Rs 1565.90 and a low of Rs 1407 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 stock had underperformed the market over the past one month till 3 February 2009, falling 41.49% as compared to the Sensex's 8.12% fall. It had also underperformed the market in the past one quarter, falling 42.70% as compared to the Sensex's fall of 11.50%.

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 1453 discounts its Q3 December 2008 annualised EPS of Rs 73.03, by a PE multiple of 19.89.

Media reports on Tuesday, 3 February 2009, suggested that the corporate affairs ministry had ordered inspection of accounts of the company over alleged accounting frauds.

Educomp chief executive Shantanu Prakash moved quickly to stem the tide, saying that the company itself had requested a probe to dispel recent rumors. Commenting on the fudging allegation, 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.

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.

Educomp has been in the public glare for more than a month following the accounting fudge allegations. This was despite the company filing a complaint with the Economic Offences Wing, besides seeking a Securities and Exchange Board of India (Sebi) probe over market rumors.

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.