Promoter holdings increased slightly by 0.32% YoY, contrasting with a 1.04% decline in Public holdings, indicating potential insider confidence amidst weak retail sentiment.

Institutional holdings remained unchanged, reflecting a lack of new interest from smart money in a sector where both Promoter and Institutional averages are flat YoY and QoQ.

The stock underperformed compared to sector averages, aligning with other stocks like 3M INDIA LTD, which also faced declines in institutional interest.