Promoter shareholding increased slightly YoY and QoQ, indicating some confidence; however, institutional and public ownership remained stagnant or decreased, reflecting a lack of broader support.

Compared to sector averages, Shivagrico Implements Ltd. shows divergence with Promoters increasing their stake while Institutions and the Public are not participating, a potential red flag for future growth.

In contrast to sector leaders like DEEDEV and SIMPLX INFRA, which are gaining significant institutional support, Shivagrico's stagnant institutional backing suggests it may lag in investor confidence and market performance.