Why is Ather Energy falling/rising?

As of 01-Jul, Ather Energy Ltd's stock price is currently at 334.30, reflecting a slight increase of 0.1 (0.03%). The stock has been gaining momentum, having risen 0.88% over the last two days and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week high, being only 2.93% away from the high of Rs 344.1. However, there has been a notable decline in investor participation, with delivery volume dropping by 42.58% compared to the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, Ather Energy's performance over the past week shows a return of 4.29%, significantly outperforming the Sensex, which returned 2.00% in the same period. Over the past month, Ather Energy has also outperformed the benchmark, with a return of 6.86% compared to the Sensex's 2.76%. This positive performance relative to the benchmark suggests that the stock is currently favored among investors, despite the recent drop in delivery volume. Overall, while the stock is experiencing a rise in price, the decrease in investor participation may warrant attention moving forward.