Promoter shareholding has decreased significantly by 30.88% YoY, contrasting with no change for the sector, indicating a lack of confidence from insiders in Sayaji Hotels.

Institutional ownership remains unchanged, reflecting a cautious stance in the face of a growing public interest which rose by 32.97% YoY, suggesting retail investors may be overly optimistic.

With ITCHOTELS performing well in the sector, Sayaji Hotels' poor performance relative to sector averages highlights its status as a laggard, warranting a closer examination of its operational challenges.