Promoter shareholding increased by 2.45% YoY, while Institutions and Public reduced their stakes by 0.92% and 0.73%, indicating mixed sentiment among smart money; however, the overall trend aligns with sector selling.

Sector averages show no change in Promoter, Institution, or Public stakes, reflecting a stagnant sector environment that contributes to the broader selling sentiment.

In comparison to sector peers, Asian Energy Services Ltd. is underperforming as it faces net selling pressure while strong performers like Bharat Petroleum see significant institutional buying.