Meanwhile, the BSE Sensex was 94.24 points, or 0.56%, to 17000.82.

On BSE, 3.08 lakh shares were traded in the counter as against an average daily volume of 4.74 lakh shares in the past one quarter.

The stock hit a high of Rs 170.45 and a low of Rs 163.25 so far during the day. The stock had hit a 52-week high of Rs 465.50 on 8 July 2011. The stock had hit a 52-week low of Rs 128.05 on 4 June 2012.

The stock had outperformed the market over the past one month until 26 June 2012, rising 15.87% compared with the Sensex's 4.25% rise. The scrip had, however, underperformed the market in past one quarter, falling 11.98% as against 0.86% fall in the Sensex.

The mid-cap company has an equity capital of Rs 19.31 crore. Face value per share is Rs 2.

Shares of Educomp Solutions rallied recently after the company, before market hours on 20 June 2012, said that it tied up funding worth $155 million to pay off existing foreign currency convertible bonds (FCCB) on due date.

Educomp Solutions said that out of the mentioned amount of $155 million, $111 million is proposed to be utilised in redemption of existing FCCBs (principal of $78.50 million and balance as redemption premium) and the balance amount would be utilised towards capital expenditure and strengthening the balance sheet of the company. The components of the financing package are expected to close simultaneously before the FCCB redemption date, the company said in a statement.

Educomp Solutions' consolidated net profit fell 57.8% to Rs 61.54 crore on 5.1% growth in net sales to Rs 513.61 crore in Q4 March 2012 over Q4 March 2011.

Educomp Solutions is a diversified education solutions provider in India.