Why is Ather Energy falling/rising?

As of 30-Jun, Ather Energy Ltd's stock price is currently at Rs 334.20, reflecting an increase of Rs 2.8, or 0.84%. The stock has shown a positive trend, gaining 5.03% over the past week and 6.82% over the past month, significantly outperforming the Sensex, which has risen by 2.09% and 2.65% in the same periods, respectively. Today's performance indicates that the stock is 2.96% away from its 52-week high of Rs 344.1 and has outperformed its sector by 1.56%. Additionally, Ather Energy is trading above all its moving averages, suggesting a strong upward trend. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 54.37% compared to the 5-day average.
In the broader market context, Ather Energy's recent performance has been robust compared to the benchmark, particularly in the short term, where it has outpaced the Sensex. Despite the positive price movement, the significant drop in delivery volume may indicate a potential concern regarding sustained investor interest. Overall, while the stock is currently rising, the falling investor participation could pose challenges for its continued upward momentum in the future.