Both Promoter and Institution shareholding have decreased, indicating a lack of confidence from smart money; Promoters remained static while Institutions and Public shareholders reduced their stakes significantly.

Institutional ownership dropped by 11.84% YoY and 2.71% QoQ, contrasting with sector averages showing no change, highlighting potential concerns about the company's prospects compared to peers.

Public shareholding decreased by 19.22% YoY, suggesting retail investors are also losing interest, which aligns with the overall trend of declining sentiment in the stock.