Promoter holdings surged by 64.66% YoY, contrasting with sector averages that show no change, indicating strong insider confidence in Banganga Paper Industries Ltd.

Public shareholding dropped significantly by 58.33% YoY, suggesting retail investors are exiting while Promoters remain committed, reinforcing the contrarian outlook.

Institutions show no changes in both YoY and QoQ; this lack of institutional interest may pose a risk, but strong Promoter activity could indicate potential undervaluation.