Why is CCL Products falling/rising?

As of 05-Sep, CCL Products (India) Ltd is experiencing a decline in its stock price, currently at Rs. 917.65, which reflects a decrease of 8.35 points or 0.9%. Despite hitting a new 52-week high of Rs. 968.95 earlier in the day, the stock has underperformed its sector by 0.89% and has been on a downward trend for the last two days, resulting in a total decline of 1.52%. The stock opened with a gain of 4.64% but faced significant volatility, with an intraday low of Rs. 906.1. Over the past year, CCL Products has generated a return of 17.18%, outperforming the broader market, as indicated by its strong performance over various time frames, including a 23.59% increase year-to-date.
In the broader market context, while CCL Products has shown impressive long-term performance, its recent short-term returns have been less favorable compared to the benchmark, which has seen a modest gain of 1.13% over the past week. The stock's high institutional holdings at 31.84% suggest that informed investors are backing the company, which may provide some stability despite the recent price drop. Additionally, the company's attractive valuation metrics, including a return on capital employed (ROCE) of 12.4 and a PEG ratio of 2, indicate potential for future growth, although falling investor participation and high volatility may be contributing to the current price decline.