Promoter shareholding decreased slightly YoY (-0.03%) while remaining flat QoQ, indicating lack of confidence from insiders.

Institution shareholding fell significantly YoY (-2.51%) and slightly QoQ (-0.03%), contrasting with the sector averages that showed no change, suggesting a bearish outlook.

Public shareholding increased, but the divergence in smart money behavior (both Promoters and Institutions selling) signals potential challenges ahead for GR Infraprojects Ltd.