Why is CCL Products falling/rising?

As of 21-Jul, CCL Products (India) Ltd is experiencing a decline in its stock price, currently at 868.85, reflecting a decrease of 2.05 points or 0.24%. The stock has been losing value for the last two days, with a total drop of 2.28% during this period. Despite this recent downturn, the stock has shown strong performance over longer periods, with a 47.38% increase over the past year and a 10.27% rise over the last month. However, there has been a notable decline in investor participation, with delivery volume falling by 53.51% compared to the five-day average, which may be contributing to the current price movement. The company's recent financial performance is strong, with a significant growth in profit after tax and net sales, indicating solid fundamentals, but the stock's recent price action suggests some short-term volatility.
In the broader market context, CCL Products has outperformed the benchmark Sensex over various time frames, including a 1-week return of 0.29% compared to the benchmark's slight decline of 0.06%. This indicates that while the stock is facing short-term challenges, it has been a strong performer relative to the market in the long term. The company's high institutional holdings at 31.09% suggest confidence among knowledgeable investors, which may provide some support for the stock despite the recent price drop. However, concerns about poor long-term growth, as indicated by a lower annual operating profit growth rate, could be influencing investor sentiment negatively in the short term.