Promoter shareholding decreased by 5.14% YoY and 0.22% QoQ, contrasting with sector averages that remained stable.

Institutional ownership increased by 4.54% YoY and 1.24% QoQ, indicating potential confidence from smart money despite overall selling by Promoters and the Public.

Public shareholding also declined, suggesting weak retail interest; Ethos Ltd. is underperforming relative to sector trends.