Promoter shareholding in Gillanders increased by 0.13% YoY and QoQ, indicating some level of confidence from insiders, while sector averages remain unchanged.

Institutional shareholding is stagnant with no changes, reflecting a lack of interest from smart money compared to the sector's inaction.

Public shareholding rose by 1.86% YoY but fell slightly QoQ, suggesting retail investors are reacting rather than showing sustained confidence.