Why is Step Two Corp. falling/rising?

Jun 24 2025 09:19 PM IST
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As of 24-Jun, Step Two Corporation Ltd's stock price is Rs 34.51, down 4.8% and reflecting a recent decline in investor participation with an 86.45% drop in delivery volume. Despite positive long-term performance, the stock has underperformed against its sector today and the benchmark over the year.
As of 24-Jun, Step Two Corporation Ltd's stock price is currently at Rs 34.51, reflecting a decline of Rs 1.74 or 4.8%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 9.52% during this period. Today's trading saw the stock reach an intraday low of Rs 34.51, with a weighted average price indicating that more volume was traded close to this low. Additionally, the delivery volume has significantly decreased, falling by 86.45% compared to the 5-day average, suggesting a drop in investor participation. While the stock has shown positive returns over the past week and month, it has underperformed against its sector today by 5.72%.

In the broader market context, the stock's short-term performance over the past week shows a gain of 1.50%, which is notably higher than the Sensex's increase of 0.58%. However, over the year, the stock has underperformed relative to the benchmark, with a decline of 0.83% compared to the Sensex's gain of 6.10%. Despite a strong performance over the longer term, including a 74.29% increase over three years and a staggering 502.27% over five years, the recent downturn indicates a shift in sentiment among investors, likely influenced by the significant drop in trading volume and the stock's current position below its moving averages.
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