Promoter and Institutional shareholding in Zensar Technologies declined both YoY and QoQ, contrasting with the sector averages which remained stable.

Public shareholding showed minimal growth, indicating that retail investors are not significantly reacting to the stock's performance, which may signal a lack of confidence from smart money.

The stock's poor performance aligns with the broader sector's lack of enthusiasm, as indicated by the absence of significant institutional buying in both the best and worst performers.