Altius Telecom Faces Intense Selling Pressure Amidst Consecutive Losses and Market Underperformance

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, raising concerns among market observers. Over the past week, Altius has declined by 0.98%, while the Sensex has gained 3.43%, highlighting a stark underperformance relative to the broader market.
In the past month, the stock has dropped 2.30%, compared to a modest 0.82% increase in the Sensex. Over three months, Altius has seen a decline of 2.95%, while the Sensex has slightly decreased by 2.16%. However, on a yearly basis, Altius has performed well, with a 46.55% increase, significantly outpacing the Sensex's 5.90% rise.

Today's performance indicates that Altius underperformed its sector by 1.32%. The stock has exhibited erratic trading patterns, not trading on one day out of the last 20. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these challenges, the stock maintains a high dividend yield of 14.86% at the current price, which may be a factor influencing investor sentiment amidst the selling pressure.