Why is Ather Energy falling/rising?

As of 07-Jul, Ather Energy Ltd's stock price is currently at Rs 329.90, reflecting an increase of Rs 1.0 or 0.3%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is currently 4.3% away from its 52-week high of Rs 344.1. In terms of performance, the stock has increased by 6.59% over the past month, outperforming the Sensex, which has risen by 1.53% in the same period. However, there has been a notable decline in investor participation, with delivery volume falling by 34.38% against the 5-day average, indicating a potential concern regarding trading interest.
Broader Market Context: In the short term, Ather Energy's performance over the past week has been negative, with a decline of 1.29%, while the Sensex has only decreased by 0.20%. This suggests that the stock is underperforming relative to the broader market in the immediate term. Despite this, the stock's longer-term performance remains strong, particularly over the past month, which may contribute to a more favorable outlook among investors. Overall, while the stock is currently experiencing upward movement, the decrease in trading volume could signal caution among investors.