Why is Step Two Corp. falling/rising?

As of 15-Jul, Step Two Corporation Ltd's stock price is currently at 40.00, reflecting a decrease of 1.0, or 2.44%. Today's price summary indicates that the stock has underperformed its sector by 3.25% and has experienced a trend reversal after six consecutive days of gains. Although it opened with a gain of 4.76% and reached an intraday high of Rs 42.95, it also touched a low of Rs 39.01, indicating significant volatility. Despite a strong performance over the past year, with a return of 28.00%, the stock's recent decline can be attributed to falling investor participation, as evidenced by a 30.9% drop in delivery volume against the five-day average. Additionally, while promoter holding has increased to 67.46%, the company faces challenges with weak long-term fundamental strength, including a low average Return on Equity (ROE) of 5.16% and negative EBITDA.
In the broader market context, Step Two Corporation has outperformed the Sensex in both the short and long term, with a 1-month return of 12.99% compared to the benchmark's 1.79%. However, the stock's recent decline may reflect a correction after a strong upward trend and concerns regarding its long-term growth potential, as operating profit has decreased at an annual rate of -4.13%. Despite its market-beating performance, the stock's current volatility and the risk associated with its financial fundamentals may be contributing to investor caution, leading to the observed price drop.