Promoter shareholding steady with no changes, indicating stability but lack of bullish signals from insiders.

Institutional ownership increased both YoY (0.88%) and QoQ (0.38%), suggesting a gradual positive sentiment towards Munjal Showa compared to sector averages, which remained flat.

Public shareholding increased slightly YoY (0.08%) with no change QoQ, aligning with the overall sector trend of no public movement, indicating retail investors are not leading the charge.