Promoter shareholding decreased by 9.54% YoY and 4.77% QoQ, contrasting with sector averages which show no change.

Institutional investors also reduced their holdings by 11.88% YoY with no change QoQ, indicating a lack of confidence relative to the sector.

Public shareholding increased by 10% YoY and 3.46% QoQ, but this reactive behavior does not offset the overall decline from smart money, reinforcing the selling trend.