Why is CCL Internationa falling/rising?

As of 07-Oct, CCL International Ltd's stock price is currently at Rs 29.10, reflecting a decrease of Rs 2.05, or 6.58%. The stock has underperformed its sector by 5.1% today and has experienced a trend reversal after two consecutive days of gains. Although it opened with a gain of 9.15% and reached an intraday high of Rs 34, it also touched a low of Rs 28.55, indicating significant volatility with an intraday range of Rs 5.45. The stock's performance over the past week shows a decline of 0.51%, and it has underperformed the benchmark Sensex, which gained 2.07% during the same period. Additionally, the stock has shown a year-to-date decline of 11.47%, while the Sensex has increased by 4.85%. Notably, there has been a sharp drop in investor participation, with delivery volume falling by 96.47% against the five-day average, contributing to the stock's downward movement.
Broader Market Context: In the context of the broader market, CCL International Ltd's recent performance contrasts sharply with the benchmark Sensex, which has shown positive returns over the same periods. While the Sensex has gained 2.07% over the past week, CCL's stock has declined, indicating a lack of investor confidence in the company relative to the overall market. The stock's volatility and the significant drop in trading volume suggest that investors may be cautious, leading to a negative sentiment surrounding the stock. This underperformance against the benchmark, combined with the recent trend reversal and high volatility, reflects the challenges CCL International Ltd is currently facing in the market.