Promoter shareholding decreased significantly by -14.30% YoY and -13.47% QoQ, diverging from sector averages where Promoter holdings remained stable.

Institutional shareholding has not changed, indicating a lack of confidence from smart money, contrasting with the strong performance of top sector peers like HIMAT.SEIDE with a 15.21% institutional increase.

Public shareholding increased by 14.96% YoY, suggesting retail optimism, but overall selling by Promoters and Institutions signals cautious sentiment in the stock.