Why is CCL Products falling/rising?

As of 07-Jul, CCL Products (India) Ltd is experiencing a price increase, currently at Rs 890.00, reflecting a rise of Rs 6.15 or 0.7%. The stock is trading close to its 52-week high, just 2.83% away from Rs 915.2, and has shown strong performance over various periods, including a 51.28% increase over the past year. However, it has underperformed its sector by 0.35% today, and there has been a notable decline in investor participation, with delivery volume falling by 58.44% compared to the 5-day average. Despite this, the company has reported its highest quarterly net sales and operating profit margins, indicating strong fundamentals. The stock's attractive valuation, supported by high institutional holdings and a favorable PEG ratio, suggests that it remains a compelling investment despite the recent dip in trading volume.
In the broader market context, CCL Products has outperformed the benchmark Sensex in the short term, with a 4.89% return over the past week compared to a slight decline of 0.20% for the index. This performance is consistent with its long-term trend, where it has consistently beaten the BSE500 over the last three years, one year, and three months. The stock's strong returns and solid financial metrics, such as a return on capital employed (ROCE) of 12.4%, contribute to its resilience in a fluctuating market. However, the risk of poor long-term growth due to a slower annual growth rate in operating profit over the last five years remains a concern that could affect future performance.