Why is CCL Products falling/rising?

As of 18-Jul, CCL Products (India) Ltd is experiencing a decline in its stock price, currently at Rs 870.90, down by Rs 18.25 or 2.05%. The stock has underperformed its sector today by 1.09%, with an intraday low of Rs 866.15, reflecting a decrease of 2.59%. Despite this short-term decline, the stock has shown strong performance over the past month with an increase of 8.76% and a remarkable 44.09% rise over the past year. However, there has been a significant drop in investor participation, with delivery volume falling by 72.55% compared to the 5-day average. While the company has reported its highest net sales and operating profit margins, the long-term growth outlook appears to be a concern, as operating profit has only grown at an annual rate of 13.84% over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.90% over the past week. Although CCL Products has outperformed the benchmark in the long term, with returns of 111.36% over the last three years compared to the Sensex's 49.96%, the current short-term underperformance may be affecting investor sentiment. The stock is trading at a discount compared to its peers, and high institutional holdings suggest confidence in its fundamentals. However, the recent drop in trading volume and the stock's underperformance today indicate that investors may be cautious amid concerns about its long-term growth potential.