Step Two Corporation Faces Intense Selling Pressure Amid Significant Price Declines

Step Two Corporation Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a 4.89% drop in its share price, contrasting sharply with the Sensex, which has gained 0.89% on the same day. This trend of losses has persisted over the past week, with the stock down 18.16%, while the Sensex has risen by 2.20%. Over the last five days, Step Two Corporation has recorded a cumulative loss of 22.25%, marking five consecutive days of declines. The stock's performance over the past month is also concerning, down 14.56%, compared to the Sensex's increase of 5.67%. Several factors may be contributing to this selling pressure, including erratic trading patterns, as the stock did not trade on one day out of the last 20. Today, it opened with a gap down at Rs 31.1 and reached an intraday low of the same price, indicating a lack of upward momentum. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its current struggles in the market.