Why is CCL Products falling/rising?

As of 01-Sep, CCL Products (India) Ltd is experiencing a price increase, currently at Rs 910.00, reflecting a rise of Rs 38.0 or 4.36%. The stock has shown strong performance today, outperforming its sector by 3.14% and gaining 7.06% over the last two days. It is also trading close to its 52-week high, just 3.19% away from Rs 939. The stock has consistently outperformed the benchmark indices, with a year-to-date return of 22.56% compared to the Sensex's 2.85%. Additionally, the stock is trading above all its moving averages, indicating a strong upward trend. The increase in delivery volume by 11.13% against the 5-day average suggests rising investor interest, further supporting the stock's upward movement.
In the broader market context, CCL Products has demonstrated significant resilience and outperformance compared to the Sensex, which has declined by 1.56% over the past week. The stock's long-term performance is also notable, with a 90.10% increase over the past three years, significantly surpassing the benchmark's 36.75% gain. High institutional holdings at 31.84% indicate confidence from more sophisticated investors, which can positively influence retail investor sentiment. The company's attractive valuation metrics, including a return on capital employed (ROCE) of 12.4 and a PEG ratio of 2, further bolster its appeal, suggesting that the stock is undervalued compared to its peers.