No changes in Promoter or Institution shareholding indicate a lack of confidence from smart money; both stock and sector show no buying activity.

Public shareholding has increased by 1.65%, yet this is not backed by institutional or promoter support, suggesting reactive retail behavior rather than informed investment.

The sector is experiencing a generally cautious stance, with best-performing stocks like ITC showing significant institutional gains, contrasting with The Indian Wood Products Company's stagnant shareholding.