Promoter shareholding remains stagnant with a slight YoY decline of 0.28%, while Institutions have reduced their holdings by 3.64% YoY, indicating a lack of confidence from smart money.

Public participation is up 13.02% YoY, but this is often reactive and may not indicate long-term support for the stock.

Compared to sector averages, Indrayani Biotech is experiencing broader selling trends, aligned with the overall sector, which reflects a cautious sentiment in the Agriculture sector.