Step Two Corporation Faces Intense Selling Pressure Amid Continued Price Declines

Step Two Corporation Ltd is currently facing significant selling pressure, with today's trading session showing only sellers and no buyers. The stock has recorded a notable decline of 4.98% today, underperforming the Sensex, which has gained 0.67%. This marks a continuation of a downward trend, as Step Two Corporation has experienced consecutive days of losses, including a 4.20% drop over the past week and an alarming 18.83% decline over the past month. In terms of longer-term performance, the stock has struggled significantly, with a year-to-date loss of 13.91% compared to the Sensex's gain of 4.35%. Over the past year, Step Two Corporation has seen a decline of 28.49%, while the Sensex has risen by 9.62%. The stock's performance has been erratic, with trading halted on three days out of the last 20. Today's trading opened with a gap down of 4.88%, reaching an intraday low of Rs 29.22. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The narrow trading range of Rs 0.03 further highlights the lack of buyer interest in the stock.