| However, profit booking at higher levels pulled the stock down at close to Rs 5,312.15 against its intra-day high of Rs 5,580. |
| According to market analysts, the counter is witnessing activity ahead of its fourth quarter results and earning guidance for the next year. |
| However, sector analysts are cautious that the company may announce conservative earnings guidance because of appreciating rupee and a global outsourcing backlash. |
| A leading BSE broker said, "A bonus issue indicates the managment's confidence about the future growth of the company. However, the intention of a stock-split could be to fall in line with other issue such as Satyam, Wipro and the forthcomming TCS issue." |
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