Why is CCL Products falling/rising?

As of 04-Aug, CCL Products (India) Ltd is experiencing a price increase, currently at Rs. 930.00, which reflects a rise of Rs. 35.9 or 4.02%. The stock has recently hit a new 52-week high of Rs. 934 and has shown strong performance, gaining 10.31% over the last three days. It has outperformed its sector by 3.46% today and is trading above all key moving averages. Additionally, the company reported its highest quarterly net sales and operating profit margins, indicating robust financial health. With a return of 42.85% over the past year and a PEG ratio of 1.7, the stock is considered attractively valued compared to its peers, further supported by a 31.84% institutional holding that has increased recently.
In the broader market context, CCL Products has significantly outperformed the Sensex, with a 10.48% return over the past week compared to just 0.16% for the benchmark. Over the past month, the stock has risen by 5.22%, while the Sensex has declined by 2.89%. This strong performance indicates that investor sentiment is favorable towards CCL Products, particularly in light of its recent financial results and positive institutional interest. However, it is worth noting that there are concerns regarding long-term growth, as the operating profit has only grown at an annual rate of 13.84% over the last five years, which could pose risks to sustained performance.