Promoter shareholding increased significantly by 76.60% YoY, indicating strong insider confidence; however, no institutional buying occurred, suggesting lack of broader validation.

Public shareholding has decreased by 27.35% YoY, reflecting a loss of retail interest or confidence in the stock, contrasting with stable sector averages.

The sector is experiencing no significant changes in promoter or institutional holdings, indicating a lack of momentum, further positioning Maxgrow India Ltd. as a laggard in comparison.