Altius Telecom Faces Intense Selling Pressure Amidst Continued Price Declines

Altius Telecom Infrastructure Trust is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as the stock has underperformed relative to the broader market. Over the past week, Altius Telecom has declined by 0.95%, while the Sensex has gained 4.01%. In the last month, the stock has dropped 2.27%, contrasting sharply with the Sensex's 1.97% increase.
The performance metrics reveal a stark picture: over the past three months, Altius Telecom has lost 2.91%, while the Sensex has only decreased by 1.60%. Despite a strong annual performance of 46.60%, the year-to-date figures show a decline of 2.27%, compared to the Sensex's slight drop of 1.72%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has not traded on one day out of the last 20, highlighting erratic trading patterns. The Miscellaneous sector, in contrast, has gained 2.84%, further emphasizing Altius Telecom's struggles in the current market environment. The stock also boasts a high dividend yield of 14.86% at its current price, which may attract attention despite the prevailing selling pressure.