Promoter shareholding increased by 1.60% YoY while remaining unchanged QoQ, contrasting with sector averages which saw no change, indicating a lack of confidence from smart money.

Institutional shareholding has not changed, suggesting no new institutional interest in SP Capital Financing Ltd., in line with sector-wide trends.

Public shareholding increased by 5.61% YoY, reflecting reactive retail behavior in a declining sector, further supporting the notion of broad-based selling.