Why is CCL Products falling/rising?

As of 09-Jul, CCL Products (India) Ltd is experiencing a slight increase in its stock price, currently at Rs 895.00, reflecting a change of 2.0 (0.22%) upwards. Despite opening with a loss of 5.95% and touching an intraday low of Rs 839.85, the stock has shown resilience by gaining for the last three days, resulting in a total return of 1.26% during this period. The stock is currently trading close to its 52-week high, just 2.26% away from Rs 915.2, and has outperformed its sector by 0.41%. Over the past year, CCL Products has generated a remarkable return of 49.17%, significantly higher than the 3.96% return of the Sensex, indicating strong performance relative to the market. The company's strong financial metrics, including the highest quarterly net sales and operating profit margins, alongside a favorable PEG ratio of 1.6, suggest a solid valuation and growth potential, which are attractive to investors.
In the broader market context, CCL Products has outperformed the benchmark Sensex over various periods, including a 3.47% return over the past week compared to the benchmark's 0.15%. However, there are concerns regarding falling investor participation, as evidenced by a significant drop in delivery volume, which decreased by 56.69% against the 5-day average. While the stock's long-term growth has been impressive, with a 121.95% increase over three years, the annual growth rate of operating profit at 13.84% over the last five years raises some caution among investors. Nonetheless, the high institutional holdings at 31.09% indicate confidence from more knowledgeable investors, which could help sustain the stock's upward trajectory despite the recent volatility.