Promoter holdings stable, with a slight YoY increase of 0.20%, while Institutions are decreasing their stake significantly by 4.20% YoY, indicating a lack of confidence from smart money.

Public shareholding is slightly up, but negligible compared to the decline in Institutional support; this reflects a reactive and possibly uninformed retail sentiment.

In the context of the sector, both Promoter and Institutional shareholding changes are flat, suggesting a broader trend of selling across the sector, which Sheela Foam mirrors.