Promoter shareholding increased by 1.63% YoY and 1.18% QoQ, indicating insider confidence in the stock despite sector stagnation.

Institutional shareholding remains unchanged at 0%, contrasting with the sector's average, which also shows no change; this suggests that Promoters are diverging from institutional opinion.

Public shareholding declined by 1.86% YoY and 1.39% QoQ, aligning with the broader sector trend of no retail interest, further emphasizing the contrarian stance of the Promoters.