Promoter shareholding declined by 0.90% YoY while sector averages remained stable (0% change), indicating weaker insider confidence in Ajcon Global Services.

Institutional shareholding has not changed, contrasting with sector trends where institutions are actively engaged in other stocks, such as the best performer ICONIKSPEV with a 51.91% increase.

Public shareholding increased by 6.44% YoY, but this reactive behavior does not counteract the lack of support from smart money, suggesting potential volatility ahead.