Promoter shareholding in Shivalik Rasayan Ltd. has decreased YoY and QoQ by 0.58%, contrary to sector average stability, indicating potential insider concerns.

Public shareholding also declined by 1.48% YoY and 1.29% QoQ, suggesting a negative sentiment among retail investors, while institutional interest has increased, indicating mixed signals from smart money.

In a sector where institutional holdings are stagnant, Shivalik stands out with declining promoter and public positions, aligning with broader selling trends.