Why is CCL Internationa falling/rising?

As of 05-Sep, CCL International Ltd's stock price is rising, currently at 32.00, reflecting an increase of 1.4 or 4.58%. The stock has shown strong performance recently, gaining 14.29% over the last three days and outperforming its sector by 4.05% today. It opened with a significant gain of 9.64% and reached an intraday high of Rs 33.55. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company reported impressive growth in net sales and profit after tax for the latest six months, contributing to a favorable valuation compared to its peers. However, it is important to note that the stock has experienced a decline of 2.65% year-to-date, and its profits have fallen by 24.5% over the past year.
In the broader market context, CCL International Ltd has significantly outperformed the Sensex, with a 1-week return of 17.82% compared to the benchmark's 1.13%. This strong short-term performance highlights the stock's resilience and investor interest, particularly in light of rising delivery volumes and liquidity. Despite some concerns regarding long-term fundamental strength, such as a low return on capital employed and weak debt servicing ability, the recent positive financial results and consistent returns over the past three years have bolstered investor confidence, contributing to the stock's upward movement.