Promoter shareholding slightly decreased QoQ (-0.01%), while institutions saw a significant YoY decline (-1.45%), indicating weak confidence from smart money.

Both Promoter and Institution changes are worse than the sector averages, which have no changes (0% YoY and QoQ), suggesting JSW Steel is underperforming relative to peers.

The Public has shown minor buying interest (+0.07% YoY, +0.02% QoQ), but this is not enough to offset the selling trends observed among Promoters and Institutions.