Promoter shareholding decreased YoY by 5.19% and QoQ by 3.31%, contrasting with sector averages that show no change.

Institution shareholding increased slightly YoY by 1.07% but remained flat QoQ, indicating limited institutional confidence compared to overall sector stagnation.

Public shareholding also fell, aligning with the trend of selling across the board, suggesting a lack of momentum for Paras Defence compared to peers.