Promoter shareholding increased significantly by 80.01% YoY, indicating strong insider confidence despite sector averages showing no change.

Institutional shareholding also rose by 9.00% YoY and 1.74% QoQ, suggesting robust institutional support while the sector remains stagnant.

Public shareholding decreased slightly by 0.61% QoQ, reflecting a potential divergence from smart money trends, reinforcing Ajax Engineering as a contrarian investment opportunity.