Promoter and Institution shareholding in Indo Borax remains unchanged YoY and QoQ, indicating a lack of confidence from smart money.

Public shareholding has increased slightly, but this is not enough to suggest bullish sentiment in the face of stagnant institutional and promoter activity.

In comparison to sector performance, prominent stocks like HEUBACHIND and NAVIN FLUORI are experiencing significant institutional buying, highlighting Indo Borax's underperformance.