Promoter shareholding increased by 10.24% YoY and QoQ, while sector averages remained unchanged, indicating strong insider confidence in NDA Securities Ltd.

Institutional shareholding unchanged suggests limited institutional interest, contrasting with the significant promoter activity; this is a hallmark of a potential contrarian opportunity.

Public shareholding decreased by over 10%, indicating possible retail disenchantment, but the strong promoter support may position NDA Securities Ltd. as a value play against sector trends.