Why is CCL Internationa falling/rising?

As of 07-Nov, CCL International Ltd's stock price is currently at Rs 28.51, reflecting a decrease of Rs 2.04 or 6.68%. The stock has underperformed its sector by 6.22% today and has experienced consecutive declines over the last two days, totaling a drop of 8.59%. Although the stock opened with a gain of 3.11% and reached an intraday high of Rs 32.7, it also faced significant volatility, trading within a wide range of Rs 4.54 and hitting a low of Rs 28.16. Additionally, the stock is trading below its moving averages across various periods, indicating a bearish trend. There is a notable decline in investor participation, with delivery volume plummeting by 91.76% compared to the five-day average, which suggests a lack of confidence among investors.
In the broader market context, CCL International Ltd has underperformed the Sensex, with a one-week return of -9.69% compared to the benchmark's -0.86%. Over the past month, the stock has declined by 3.65%, while the Sensex has gained 1.57%. Year-to-date, CCL's performance is down 13.26%, contrasting sharply with the Sensex's increase of 6.50%. This underperformance highlights the challenges faced by CCL International Ltd in the current market environment, as it struggles to attract investor interest and maintain momentum against a backdrop of broader market gains.