Promoter shareholding increased moderately (1.68% YoY, 0.77% QoQ) while institutions remained stagnant, indicating lack of confidence from smart money.

Public shareholding significantly decreased (-5.09% YoY, -5.10% QoQ), highlighting potential retail disinterest and a bearish sentiment.

The sector averages show no change across all categories, suggesting the stock is underperforming relative to the sector, aligning with broader selling trends.