Why is CCL Internationa falling/rising?

As of 21-Jul, CCL International Ltd is experiencing a price increase, currently at 31.46, reflecting a rise of 0.96 or 3.15%. The stock has outperformed its sector today by 2.62% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +6.46%, while the Sensex has remained relatively flat with a change of -0.06%. Despite a significant drop in delivery volume by 47.15% against the 5-day average, the company has reported very positive financial results, including a net profit growth of 221.05% and a substantial increase in PBT and PAT. Additionally, rising promoter confidence, with a 2.61% increase in their stake, suggests a positive outlook for the company.
In the broader market context, CCL International Ltd's short-term performance has been notably stronger than the benchmark, as it has gained 6.46% over the past week compared to the Sensex's slight decline. While the stock has generated a modest return of 1.22% over the past year, it has faced challenges with a significant profit decline of 51%. However, the attractive valuation indicated by a low enterprise value to capital employed ratio and the stock trading at a discount to its peers may provide a supportive backdrop for its recent price rise.