Promoter shareholding for Gujarat Apollo decreased by 2.81% YoY, while sector average remained stable at 0%. This indicates a lack of confidence from insiders compared to their peers.

Institutional shareholding has not changed, suggesting that smart money is not backing the stock despite sector stability, indicating potential underperformance.

Public participation has increased slightly, but this reactive behavior does not compensate for the declining promoter sentiment, highlighting a divergence from sector norms.