Why is CCL Internationa falling/rising?

As of 08-Jul, CCL International Ltd is experiencing a slight increase in its stock price, currently at 30.89, with a change of 0.05 or 0.16% upward. The stock has shown positive performance today, outperforming its sector by 0.85%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The stock has also seen a significant rise in delivery volume, increasing by 56.58% compared to the 5-day average. Despite a year-to-date decline of 6.02% and a one-year drop of 9.31%, the company reported a remarkable growth in net profit of 221.05% and a substantial increase in net sales over the last six months, which contributes positively to investor sentiment. Furthermore, the promoters have increased their stake in the company by 2.61%, reflecting their confidence in the company's future prospects.
In the broader market context, CCL International Ltd has outperformed the Sensex in the short term, with a 1-week return of 3.66% compared to the benchmark's mere 0.02%. This indicates that while the stock has faced challenges over the longer term, it is currently gaining traction relative to the market. The company's attractive valuation, trading at a discount compared to its peers, alongside the rising promoter confidence, suggests a potential for recovery and growth, which may be influencing the recent upward movement in its stock price.