Promoters have increased their stake by 4.67% YoY; however, Institutions have reduced their holdings by 11.61% QoQ, indicating a lack of confidence from smart money.

Public participation has increased by 15.87% QoQ, suggesting retail investors are reacting positively, but this may not be supported by institutional sentiment.

Compared to sector averages, both Promoter and Institution shareholding changes are divergent, with Sarvamangal showing significant selling pressure from Institutions, reinforcing the 'Broad-Based Selling' title.