Why is Ather Energy falling/rising?

As of 18-Sep, Ather Energy Ltd's stock price is currently at Rs 562.40, reflecting a decrease of Rs 7.6 or 1.33%. The stock has recently experienced a trend reversal, falling after five consecutive days of gains. It underperformed its sector by 1.79% today and touched an intraday low of Rs 557, which is a decline of 2.28%. Despite this drop, the stock has shown strong performance over the past month, with a return of 34.87%, significantly outpacing the Sensex's 2.14% increase. However, the company faces challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, while institutional holdings are high at 48.08%, their increased stake by 17.42% over the previous quarter may not be enough to offset the risks associated with the company's financial performance.
In the broader market context, Ather Energy's recent performance contrasts with the Sensex, which has risen by 1.80% over the past week. The stock's short-term return of 3.78% over the same period indicates a strong performance relative to the benchmark, but the current decline suggests a correction after a period of growth. The falling investor participation, evidenced by a 9.11% decrease in delivery volume, may also indicate waning interest among traders, further contributing to the stock's downward movement. Overall, while the stock has shown impressive returns in the short term, the underlying financial issues and recent price action suggest caution among investors.