Promoters and Institutions both reduced their stakes in SJS Enterprises Ltd., contrasting with stable sector averages, indicating a lack of confidence from smart money.

The 7.63% YoY drop in Institutional holdings highlights a significant concern, especially in a sector where institutional activity is neutral.

Public shareholding increased by 1.58% YoY, suggesting potential retail interest; however, this is outweighed by the selling trend from smart money.