Promoter shareholding increased slightly by 1.20% YoY, while institutional and public holdings remained static, indicating a lack of broad support.

Public shareholding decreased by 0.52% YoY, contrasting with sector averages that showed no change, suggesting a potential loss of retail confidence in the stock.

The sector's best performer, PAKKA, saw significant institutional buying (+6.88%), highlighting a divergence where Kay Power and Paper Ltd. is not following sector trends.