Why is CCL Internationa falling/rising?

As of 01-Jul, CCL International Ltd's stock price is currently at 29.80, reflecting an increase of 0.23 or 0.78%. The stock has outperformed its sector today by 1.64% and has shown a consecutive gain over the last two days, rising by 1.19% during this period. However, it is important to note that the stock has underperformed in the longer term, with a decline of 3.72% over the past month and 9.34% year-to-date. Despite these declines, the company reported very positive results in March, with a significant net profit growth of 221.05% and strong quarterly earnings metrics. Additionally, the promoters have increased their stake in the company, indicating rising confidence in its future prospects. However, the stock's long-term fundamentals are weak, with a low average return on capital employed and poor debt servicing capabilities, which may temper investor enthusiasm.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 2.00% over the past week and 2.76% over the past month. While CCL International has shown some positive movement recently, its overall year-to-date performance remains significantly behind the benchmark, which has increased by 7.11% in the same timeframe. This disparity highlights the challenges the company faces in maintaining investor interest despite recent positive developments, as the broader market continues to perform well.