Promoter shareholding increased by 3.15% YoY, indicating some confidence, but Institutional shareholding remains stagnant at 0% change, suggesting a lack of institutional interest compared to sector averages.

Public shareholding rose significantly by 5.86% YoY, reflecting possible retail enthusiasm, yet this could be a reactionary move rather than a strong conviction.

With sector averages showing no changes in Promoter or Institution holdings, Tokyo Plast International Ltd. appears to be underperforming relative to its peers, especially when contrasted with BDI's strong institutional gains.