Promoter shareholding decreased QoQ by 4.47%, contrasting with a 29.79% YoY increase, indicating potential insider concerns about short-term performance.

Institutional shareholding also fell by 1.23% QoQ, despite a strong 18.47% YoY growth, suggesting a bearish sentiment compared to a stable sector average.

Public shareholding remained flat QoQ, indicating no new retail interest, which aligns with the overall decline in smart money confidence.