Promoter shareholding slightly increased YoY by 2.37%, while institutional investors decreased their stake by 1.83% YoY, indicating a lack of confidence from institutions.

Both the stock and sector show negative trends in institutional shareholding, aligning with the broader sector averages where no significant changes were recorded.

Among sector peers, Ashapura Minechem Ltd. reflects a cautious sentiment as it contrasts with the best performer RAWEDGE, which maintained stability in institutional holdings.