Both Promoter and Institution shareholding in Synergy Green Industries Ltd. have decreased year-over-year, contrasting with sector averages which show no change, indicating a lack of confidence among insiders and smart money.

Public shareholding has increased slightly quarter-over-quarter, but this may reflect a reactive trend rather than confidence, further supporting the notion of broad-based selling in the stock.

Compared to sector peers, Synergy Green is not aligning with the positive movements of the best-performing stock (SHALIMAR WIR), which saw a significant institutional increase, highlighting its struggle in a declining environment.