Why is CCL Internationa falling/rising?

As of 21-Aug, CCL International Ltd is experiencing a price increase, currently at Rs 30.00, which reflects a rise of 1.31 or 4.57%. The stock has shown a positive performance today, outperforming its sector by 4.76% and has gained consecutively for the last three days, accumulating a total return of 10.91% during this period. The stock opened with a significant gain of 4.53% today and reached an intraday high of Rs 30.99. However, it has also shown high volatility with an intraday range of Rs 2.99 and a notable drop in delivery volume by 79.11% against the 5-day average, indicating a potential concern regarding investor participation. Despite a year-to-date decline of 8.73%, the stock's recent performance is buoyed by positive financial results, including higher net sales and profit after tax, although it faces challenges with weak long-term growth and a declining return on capital employed.
In the broader market context, CCL International Ltd's short-term performance contrasts with the benchmark Sensex, which has gained 1.74% over the past week, while CCL's return has been negative at -0.99%. This divergence highlights the stock's struggle to keep pace with the overall market, despite its recent gains. The company's weak long-term fundamentals, including a low return on capital employed and poor growth in net sales, may contribute to investor caution, even as it trades at a discount compared to peers. Overall, while the stock is currently rising, its long-term outlook remains uncertain, influenced by both its recent performance and broader market trends.