Why is Ather Energy falling/rising?

As of 22-Jul, Ather Energy Ltd's stock price is currently at 336.45, reflecting an increase of 0.95 or 0.28%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent 1.68% drop over the past week, the stock has performed positively over the last month with a 5.14% increase. However, there has been a notable decline in investor participation, with delivery volume falling by 58.56% compared to the 5-day average. The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position, although it is below the 5-day moving average.
In the broader market context, Ather Energy's recent performance contrasts with the benchmark Sensex, which has decreased by 0.47% over the past week. This suggests that while Ather Energy is experiencing a slight rise, it is outperforming the broader market in the short term. The stock's ability to gain despite a drop in investor participation may indicate underlying strength or positive sentiment among remaining investors, although specific positive or negative factors were not provided in the data.