Why is CCL Products falling/rising?

As of 02-Sep, CCL Products (India) Ltd is experiencing a price increase, currently at Rs 921.95, which reflects a rise of Rs 11.95 or 1.31%. The stock has shown strong performance recently, gaining 8.46% over the last three days and is only 1.85% away from its 52-week high. It is trading above all key moving averages, indicating positive momentum. Additionally, the stock has outperformed the Sensex over various periods, with a year-to-date return of 24.17% compared to the benchmark's 2.58%. The company's attractive valuation, with a return on capital employed (ROCE) of 12.4 and a PEG ratio of 2, suggests that it is trading at a discount relative to its peers, further supporting its upward movement.
In the broader market context, CCL Products has outperformed the Sensex, which has declined by 0.78% over the past week, while CCL Products has risen by 6.23%. The tea/coffee sector has also seen gains of 2.14%, contributing to a favorable environment for the stock. High institutional holdings at 31.84% indicate strong investor confidence, as these investors typically have better resources to analyze company fundamentals. The increase in delivery volume by 20.25% against the five-day average suggests rising investor participation, which is likely to support the stock's upward trajectory.