Promoter shareholding increased significantly YoY by 70.75%, while sector averages remained unchanged, indicating strong insider confidence in National Peroxide Ltd.

Institutional shareholding has not changed, contrasting with the sector's lack of movement, which may suggest a cautious stance from smart money on this stock.

Public shareholding saw a slight decline QoQ, reinforcing the notion that retail investors are reacting more slowly than insiders, supporting the contrarian view.