Promoter shareholding decreased by 2.01% YoY and 2.02% QoQ, contrasting with sector averages where Promoter holding remained stable.

Institutional shareholding has not changed, indicating a lack of smart money interest or confidence in RACL Geartech relative to sector trends.

Public shareholding increased by 5.04% YoY and 2.00% QoQ, suggesting retail investors are becoming more optimistic, but this may be reactionary rather than based on fundamentals.