Promoter shareholding decreased by 2.20% YoY while sector average remained unchanged, indicating insider selling against a stable backdrop.

Institutional holdings are stagnant, reflecting a lack of confidence as institutions are not increasing their stakes, contrasting with best performers in the sector like MEHUL which saw a 13.21% increase in institutional investment.

Public participation increased by 2.38% YoY, suggesting retail investors may be reacting to price movements rather than fundamentals, which often indicates a speculative trend.