Why is Ather Energy falling/rising?

As of 11-Jul, Ather Energy Ltd's stock price is currently at Rs 332.40, reflecting an increase of Rs 2.95, or 0.9%. The stock has been performing well, having gained for the last three days with a total return of 1.09% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock is close to its 52-week high, just 3.52% away from Rs 344.1. In the past week, Ather Energy has outperformed its sector by 3.01%, and there has been a notable increase in investor participation, with delivery volumes rising by 26.14% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
In the broader market context, Ather Energy's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.12% over the past week while Ather Energy has increased by 1.06%. This suggests that the stock is gaining traction despite a generally negative market sentiment in the automobile sector, which has seen a decline of 2.16%. The stock's ability to rise in such conditions indicates strong investor confidence and market interest, contributing to its recent price increase.