Why is CCL Products falling/rising?

As of 08-Jul, CCL Products (India) Ltd is experiencing a rise in its stock price, currently at Rs 893.00, reflecting an increase of Rs 3.0 or 0.34%. The stock has shown strong performance, gaining 6.57% over the past week and 52.36% over the last year, significantly outperforming the Sensex, which has only increased by 0.02% and 4.69% respectively in the same periods. Today's trading saw the stock reach an intraday high of Rs 910.65, just 2.49% away from its 52-week high. Despite a recent decline in delivery volume, the stock's fundamentals remain strong, with record net sales and operating profit margins, alongside a favorable valuation compared to peers, contributing positively to its recent upward movement.
In the broader market context, CCL Products has outperformed the benchmark indices in both the short-term and long-term, indicating robust investor confidence. The stock's performance has been bolstered by high institutional holdings, suggesting that knowledgeable investors are backing the company. While the stock has shown impressive returns, there are concerns regarding its long-term growth potential, as operating profit has only grown at an annual rate of 13.84% over the past five years. Nonetheless, the overall market sentiment appears to favor CCL Products, as evidenced by its consistent gains and strong financial metrics.