Promoters and Institutions in Finolex Cables have both reduced their shareholding YoY, while the sector averages remain stable, indicating broad-based selling in the company.

Public shareholding has also decreased slightly, reflecting a lack of confidence among retail investors amidst a stagnant sector.

With the best-performing institution, STER TECH, showing a significant increase of 8.51%, Finolex’s declining figures highlight underperformance relative to peers.