Promoter shareholding increased significantly by 69.63% YoY, contrasting with sector average of 0%, indicating strong insider confidence.

Institutional shareholding showed minimal growth of 1.56% YoY, while sector institutions remained flat, suggesting selective interest in Indef Manufacturing.

Public shareholding growth of 8.65% YoY aligns with a reactive retail trend, indicating potential future volatility if institutional interest does not pick up.