Why is CCL Products falling/rising?

As of 06-Nov, CCL Products (India) Ltd is experiencing a significant rise in its stock price, currently at Rs. 970.70, reflecting an increase of Rs. 83.35 or 9.39%. The stock has recently outperformed its sector by 7.74% and has been on a consecutive gain streak for the last four days, accumulating a total return of 13.41% during this period. Additionally, the stock reached a new 52-week and all-time high of Rs. 1006.3 today. The stock is trading above all key moving averages, indicating strong upward momentum, and there has been a notable increase in investor participation, with delivery volume rising by 13.36% compared to the five-day average.
In the broader market context, CCL Products has shown impressive performance relative to the benchmark Sensex, which has declined by 1.30% over the past week while CCL Products gained 13.41%. Over the past month, the stock has risen by 14.92%, contrasting with the Sensex's modest gain of 1.86%. Year-to-date, CCL Products has outperformed the benchmark significantly, with a return of 30.73% compared to the Sensex's 6.62%. This strong performance suggests that investor sentiment is favoring CCL Products, likely due to its robust trading activity and positive market dynamics.