Why is CCL Internationa falling/rising?

As of 20-Jun, CCL International Ltd's stock price is rising, currently at Rs 29.65, reflecting an increase of 1.41 (4.99%). The stock has shown a positive performance today, outperforming its sector by 2.83% and achieving a consecutive gain over the last two days with a total return of 5.1%. Despite a negative return of -0.84% over the past week and -1.17% over the past month, the stock has generated a notable return of 23.54% over the last year, significantly higher than the market average. Positive factors contributing to this rise include a substantial growth in net profit of 221.05%, rising promoter confidence with a 2.61% increase in stake, and attractive valuation metrics compared to peers. However, the company faces challenges with a weak long-term fundamental strength and declining profits, which could temper investor enthusiasm.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.59% over the past week and 1.50% over the past month. While CCL International Ltd has outperformed the sector today, its year-to-date performance shows a decline of -9.80%, compared to the Sensex's increase of 5.46%. This indicates that while the stock is experiencing a short-term rally, it has struggled to keep pace with the overall market trends in the longer term.