Jindal Drilling's Public shareholding declined significantly by 6.46% YoY and 1.24% QoQ, indicating weak retail sentiment.
While Institutions increased their stake by 0.26% YoY and 0.14% QoQ, this is overshadowed by the selling pressure from the Public, contrasting with sector averages where changes were neutral.
Sector leaders like Bharat Petroleum show strong institutional buying, highlighting that Jindal Drilling is lagging behind its peers in investor confidence.