Why is Ather Energy falling/rising?

As of 15-Jul, Ather Energy Ltd's stock price is currently at Rs 342.20, reflecting a decrease of Rs 1.7 or 0.49%. The stock has recently experienced a trend reversal, having fallen after four consecutive days of gains. Despite this decline, Ather Energy is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the short term. The stock has outperformed the benchmark Sensex over the past week and month, with returns of 4.08% and 9.12%, respectively, while the Sensex has declined by 1.36% and increased by 1.79% during the same periods. There is also a notable increase in investor participation, with delivery volume rising significantly.
In the broader market context, the automobile sector, specifically the two and three-wheelers segment, has gained by 2.61%, which may provide some support for Ather Energy's stock despite its recent decline. The stock's performance today has underperformed its sector by 3.1%, suggesting that while the sector is doing well, Ather Energy is facing some challenges. The absence of specific positive or negative factors in the dashboard limits a deeper analysis of the stock's recent movements, but the overall liquidity remains adequate for trading.