Why is CCL Products falling/rising?

As of 29-Jul, CCL Products (India) Ltd is experiencing a rise in its stock price, currently at Rs 869.00, reflecting an increase of Rs 27.2 or 3.23%. The stock has shown a positive performance today, outperforming its sector by 2.26%, and has gained consecutively over the last two days with a total return of 2.98%. In terms of returns, the stock has performed well over various periods, including a 41.81% increase over the past year and a remarkable 267.44% over the last five years. Key financial metrics indicate strong growth, with the latest quarterly profit after tax (PAT) rising by 48.9% compared to the previous four-quarter average, and net sales reaching their highest at Rs 835.85 crore. Additionally, the stock is trading at a discount compared to its peers, supported by high institutional holdings which have increased by 0.75% over the previous quarter.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.91% over the past week while the Sensex has declined by 1.03%. This trend of outperformance is consistent, with CCL Products showing a 1.55% increase over the past month compared to a 3.24% drop in the Sensex. The stock's liquidity remains adequate for trading, although there has been a notable decline in delivery volume, which fell by 50.74% against the five-day average. Despite this decrease in investor participation, the overall market-beating performance of CCL Products in both the short and long term suggests strong underlying fundamentals that continue to attract investor interest.