Promoter shareholding increased by 4.93% YoY, contrasting with a 4.92% YoY decline in institutional holdings, indicating a lack of confidence from smart money.

Sector averages show no change in promoter or institutional holdings, suggesting Sicagen India is diverging negatively from sector trends.

Best-performing stock in the sector (STRATMONT) saw a significant institutional increase of 28.07%, further highlighting Sicagen's underperformance.