Promoter shareholding increased slightly YoY (+2.28%), while institutional and public holdings remained unchanged and decreased respectively, indicating a lack of confidence from the broader market.

Against a sector average of zero change across all categories, Panjon Ltd. shows negative public sentiment with a -4.65% YoY decline, suggesting broader selling pressure.

In comparison to sector peers, where institutions are actively buying (e.g., SUDARSHAN +18.88%), Panjon's stagnant institutional activity highlights its underperformance in the Pharma sector.