Promoter shareholding decreased slightly YoY (-0.18%) while institutions reduced their stake QoQ (-1.48%), indicating lack of confidence from smart money.

Public shareholding increased significantly both YoY (+1.32%) and QoQ (+1.16%), suggesting retail investors are reacting to trends rather than leading them.

With both Promoter and Institutional selling, and sector averages showing no changes, RS Software (India) Ltd. is underperforming relative to its sector.