Promoter shareholding increased slightly by 0.33% YoY and QoQ, which is minimal and aligned with sector averages showing no change.

Institutional shareholding remained unchanged, indicating lack of confidence from smart money, contrasting with strong performance in some sector peers like ACROW INDIA.

Public shareholding increased significantly by 5.13% YoY and 2.72% QoQ, suggesting a reactive buying trend from retail investors rather than confidence from institutional investors.