No changes in Promoter and Institution holdings reflect a lack of confidence or interest from smart money, suggesting stability but no bullish sentiment.

Public shareholding decreased slightly (-0.04% YoY), which could indicate retail investors are becoming cautious or exiting their positions, aligning with overall sector trends.

In a sector where the best performer (PAKKA) saw an 8.01% increase in institutional holdings, Perfectpac Ltd.'s stagnant shareholding patterns highlight a divergence from sectoral momentum.