Why is Ather Energy falling/rising?

As of 18-Jul, Ather Energy Ltd's stock price is currently at Rs 342.00, reflecting a decrease of Rs 9.7 or 2.76%. The stock has underperformed its sector by 2.35% today, having touched an intraday low of Rs 340.5, which is a decline of 3.18%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 31.38% against the 5-day average, suggesting that while the stock is experiencing a short-term decline, there is still significant interest from investors.
In the broader market context, Ather Energy's performance over the past week shows a gain of 2.89%, contrasting with the Sensex, which has declined by 0.90%. Over the past month, Ather Energy has outperformed the benchmark with a return of 5.80% compared to the Sensex's 0.38%. This indicates that while the stock is facing a decline today, it has shown resilience and strength in the short term relative to the broader market. However, the liquidity of the stock remains adequate, allowing for trades of significant size, which may help stabilize its price in the future.