Promoter shareholding decreased by 4.66% YoY, while sector averages remained stable at 0%, indicating a significant divergence and a lack of confidence from insiders.

Institutional holding also saw a decline of 1.01% QoQ against a stable sector average, suggesting reduced support from smart money.

Public participation increased by 2.33% YoY, but this may reflect a reactive approach rather than strong fundamentals, reinforcing the bearish sentiment observed in smart money.