Why is Ather Energy falling/rising?

As of 24-Jul, Ather Energy Ltd's stock is currently priced at Rs 331.75, reflecting a decrease of Rs 5.25 or 1.56%. The stock has underperformed its sector by 0.95% today and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 329.55, which is a decline of 2.21%. Over the past week, the stock has decreased by 5.67%, while it has shown a modest increase of 3.49% over the past month. Additionally, the delivery volume has significantly dropped by 71.73% compared to the 5-day average, indicating a decline in investor participation, which may be contributing to the stock's downward movement. There is no information available regarding positive or negative factors that could influence the stock's performance.
In the broader market context, Ather Energy's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.09% over the same week. This stark contrast suggests that while the overall market has remained relatively stable, Ather Energy has faced significant selling pressure. The stock's performance today, combined with the recent trend of falling investor participation, indicates a challenging environment for Ather Energy, particularly as it struggles to maintain momentum against the benchmark.