Promoter holdings remain stable with a slight YoY increase of 0.10%, while Institutions show a notable decline of -1.52% YoY, contrasting with the sector average that is flat.

Public participation increased by 0.99% YoY, but this is insufficient to counteract the decreasing institutional confidence, indicating a lack of strong backing from smart money.

Comparison to sector: Tijaria Polypipes is underperforming relative to peers like BDI, which saw a 10.72% increase in institutional holdings, signaling a decline in relative competitiveness.