Promoter and Institution holdings in Nucleus Software increased slightly YoY, while Public shareholding declined, indicating a lack of retail confidence.

In contrast to sector averages where Promoter and Institution holdings remained flat, Nucleus shows divergence with marginal increases in smart money, suggesting potential insider optimism despite broader sector stagnation.

The sector's best performer, Mastek Ltd, has seen significant institutional buying, while Nucleus's marginal changes reflect a weaker position relative to stronger sector players.