Why is CCL Products falling/rising?

As of 01-Aug, CCL Products (India) Ltd is experiencing a price increase, with the current price at Rs 892.00, reflecting a rise of Rs 33.05 or 3.85%. The stock has shown strong performance recently, gaining 5.8% over the last two days and outperforming its sector by 3.68%. It is also close to its 52-week high, just 2.6% away from Rs 915.2. The stock has consistently outperformed the benchmark Sensex, with a one-week return of +6.44% compared to the benchmark's -1.06%. Positive financial indicators, such as a 48.9% growth in PAT and record net sales of Rs 835.85 crore, contribute to its attractiveness, alongside a favorable PEG ratio of 1.6 and high institutional holdings, which have increased by 0.75% over the previous quarter.
Broader Market Context: In the context of the broader market, CCL Products has significantly outperformed the Sensex, which has declined by 1.06% over the past week and 3.70% over the past month, while CCL Products has shown positive returns of 6.44% and 6.45%, respectively. This strong performance in both the short and long term, where it has generated a 35.38% return over the past year compared to the Sensex's -1.55%, indicates robust investor confidence in the company despite some concerns regarding its long-term growth potential, as reflected in the slower growth rate of operating profit over the past five years.