Altius Telecom Faces Intense Selling Pressure Amid Consecutive Losses and Market Divergence

Altius Telecom Infrastructure Trust is currently facing significant selling pressure, with only sellers active in the market today. The stock has experienced consecutive losses over the past two days, declining by 0.72% during this period. In terms of daily performance, Altius Telecom is down 0.31%, contrasting sharply with the Sensex, which has gained 0.12%.
Over the past week, the stock has lost 0.99%, while the Sensex has surged by 3.69%. This trend continues over a month, with Altius Telecom down 2.97% compared to the Sensex's impressive 4.66% gain. Even in the longer term, the stock's performance remains under pressure, with a 3.61% decline over the last three months, while the Sensex has only dipped by 0.50%.

Despite a strong annual performance of 45.55%, the year-to-date results show a decline of 2.97%, against a slight drop of 0.08% for the Sensex. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The Miscellaneous sector has also faced challenges, falling by 3.18%. Altius Telecom boasts a high dividend yield of 14.91% at the current price, yet the prevailing selling pressure raises questions about market sentiment and potential contributing factors.