Why is CCL Internationa falling/rising?

As of 31-Oct, CCL International Ltd is experiencing a price increase, currently at Rs 31.50, which reflects a rise of Rs 1.38 or 4.58%. The stock has shown strong performance today, outperforming its sector by 5.38% and has gained consecutively over the last two days, accumulating a total return of 8.7% during this period. It opened with a significant gain of 2.92% and reached an intraday high of Rs 31.95, marking a 6.08% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 9.65% compared to the 5-day average, which may pose a concern for sustained momentum.
Broader market context shows that CCL International Ltd has outperformed the Sensex in the short term, with a 1-week return of 3.14% compared to the benchmark's decline of 0.32%. Over the past month, the stock has risen by 11.23%, while the Sensex has increased by 3.65%. Despite a year-to-date decline of 4.17% against the Sensex's gain of 7.42%, the stock's strong recent performance suggests a recovery phase. The overall liquidity remains adequate for trading, but the falling delivery volume could indicate potential caution among investors moving forward.