Promoter shareholding is stable with a slight YoY increase of 0.38%, while Institutions remain unchanged; this indicates a lack of confidence from smart money.

Public shareholding has increased by 1.52% YoY and 0.67% QoQ, suggesting retail investors are becoming more active, but without institutional support, this could be a concern.

The sector averages show no significant changes in shareholding patterns, indicating a broader trend of stability or lack of interest, which aligns with Gandhar Oil's performance.