Why is CCL Internationa falling/rising?

As of 17-Jul, CCL International Ltd's stock price is rising, currently at Rs 31.60, reflecting an increase of 1.31 (4.32%). The stock has shown strong performance recently, outperforming its sector by 4.15% today and achieving a consecutive gain over the last three days, with a total return of 6.94% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a significant drop in delivery volume, which fell by 59.65% against the 5-day average, the company has reported very positive financial results, including a 221.05% growth in net profit and higher net sales. The increase in promoter stake by 2.61% also signals rising confidence in the company's future.
In the broader market context, CCL International Ltd has outperformed the Sensex in the short term, with a 1-week return of +7.52% compared to the benchmark's -1.12%. While the stock has experienced a decline of 3.86% year-to-date, its recent gains suggest a potential recovery phase. The company's attractive valuation, trading at a discount compared to peers, along with strong financial results, supports the positive sentiment surrounding the stock. However, the overall year-long performance remains negative at -2.32%, indicating that while recent movements are encouraging, the stock has faced challenges over a longer period.