Why is CCL Products falling/rising?

As of 03-Sep, CCL Products (India) Ltd is experiencing a price increase, with its current price at Rs. 931.80, reflecting a rise of 9.85 (1.07%). The stock has shown strong performance recently, hitting a new 52-week high of Rs. 963.35 today and outperforming its sector by 0.7%. Over the past four days, the stock has gained 9.62%, and its year-to-date return stands at an impressive 25.49%, significantly higher than the Sensex's 3.11% during the same period. Additionally, the stock is trading above all key moving averages, indicating a bullish trend. The increase in delivery volume by 45.25% against the 5-day average suggests rising investor interest, further supporting the stock's upward movement.
In the broader market context, CCL Products has outperformed the Sensex, which has seen a slight decline of 0.27% over the past week, while CCL Products has gained 7.37%. This trend of market-beating performance is consistent over longer periods, with the stock achieving a 29.06% return over the last year compared to the Sensex's decline of 2.41%. The company's strong fundamentals, including a return on capital employed (ROCE) of 12.4 and high institutional holdings at 31.84%, contribute to its attractive valuation and positive investor sentiment. Overall, the combination of strong recent performance, positive investor participation, and favorable comparisons to benchmarks supports the stock's rising trajectory.