Step Two Corporation Ltd Experiences Increased Buying Activity Amid Recent Price Declines

Step Two Corporation Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, is currently witnessing significant buying activity despite recent price declines. The stock has experienced a consecutive fall over the last three days, resulting in a total drop of 12.69%. Today, it opened with a gap down of 3.51%, reaching an intraday low of Rs 33.3.
In terms of performance, Step Two Corporation has underperformed relative to the Sensex across various time frames. Over the past day, the stock declined by 3.51%, while the Sensex gained 0.84%. Over the past week, it fell by 4.86% compared to the Sensex's 1.60% increase. However, on a monthly basis, Step Two has shown a positive return of 3.71%, outperforming the Sensex's 1.25%.

Factors contributing to the current buying pressure may include the stock's historical performance, as it has seen substantial gains over longer periods, including a remarkable 481.15% increase over the past five years. Despite recent challenges, the stock remains above its 100-day moving average, indicating potential resilience in the face of short-term volatility.