Why is CCL Products falling/rising?

As of 03-Jul, CCL Products (India) Ltd is experiencing a price increase, currently at Rs 884.90, which reflects a rise of Rs 19.9 or 2.3%. The stock has shown strong performance recently, gaining 5.67% over the last two days and is only 3.35% away from its 52-week high of Rs 915.2. Additionally, the stock has outperformed its sector by 2.55% today and is trading above all major moving averages, indicating a positive trend. The company reported impressive quarterly results, with a PAT growth of 48.9% and record net sales of Rs 835.85 crore, contributing to a favorable valuation compared to its peers. High institutional holdings at 31.09% suggest confidence from larger investors, further supporting the stock's upward movement.
In the broader market context, CCL Products has outperformed the benchmark Sensex in the short term, with a 1-week return of +5.89% compared to the Sensex's -0.62%. This strong relative performance highlights the stock's resilience and attractiveness to investors, especially given its significant returns of 50.22% over the past year, far exceeding the Sensex's 4.07% increase. However, there are concerns regarding long-term growth, as the operating profit has only grown at an annual rate of 13.84% over the last five years, which could pose risks if the trend continues.