Why is CCL Internationa falling/rising?

As of 04-Sep, CCL International Ltd is experiencing a price increase, currently at Rs 30.60, which reflects a rise of Rs 1.58 or 5.44%. The stock has shown strong performance today, outperforming its sector by 5.04% and has been on a consecutive gain streak for the last two days, accumulating a total return of 9.29% during this period. It opened with a notable gain of 3.38% and reached an intraday high of Rs 31.9, marking a 9.92% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. There has also been a significant rise in investor participation, with delivery volume increasing by 137.48% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, CCL International Ltd has outperformed the Sensex over the past week and month, with returns of 7.37% and 15.47%, respectively, while the Sensex has only increased by 0.80% and decreased by 0.37% during the same periods. However, it is important to note that the stock has underperformed year-to-date, with a decline of 6.91% compared to the Sensex's gain of 3.30%. This recent upward movement may be attributed to positive investor sentiment and trading activity, despite the stock's longer-term challenges. Overall, the combination of strong short-term performance and increased trading volume suggests a positive outlook for CCL International Ltd in the current market environment.