Why is CCL Internationa falling/rising?

As of 15-Sep, CCL International Ltd's stock price is rising, currently at Rs 32.88, reflecting an increase of Rs 2.48 or 8.16%. The stock has outperformed its sector by 8.01% today, reaching an intraday high of Rs 32.9. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume falling by 21.52% against the 5-day average. Over the past month, the stock has shown a significant return of 14.72%, compared to a modest 1.47% gain in the Sensex, and it has also performed well over the past three years with a return of 91.72%.
In the broader market context, CCL International Ltd's recent performance stands out, particularly in the short term, as it has outpaced the Sensex's return of 1.24% over the past week. While the stock has shown a year-to-date return of just 0.03%, the Sensex has gained 4.67% in the same period. This indicates that despite a lackluster year-to-date performance, the stock's recent momentum and strong short-term gains suggest positive investor sentiment, contributing to its rising price. Overall, the combination of strong technical indicators and recent outperformance against the sector supports the upward movement of CCL International Ltd's stock price.