Altius Telecom Faces Continued Decline Amid Broader Market Resilience and High Dividend Yield
Altius Telecom Infrastructure Trust has seen a decline, continuing a downward trend over the past two days. The stock is trading below multiple moving averages, reflecting a bearish sentiment. Despite this, it offers a high dividend yield, which may appeal to income-focused investors. The broader market shows resilience with gains in the Sensex.
Altius Telecom Infrastructure Trust has experienced a notable decline of 4.11% on March 25, 2025, marking a continuation of its downward trend over the past two days, during which it has lost a total of 4.5%. The stock reached an intraday low of Rs 140, underperforming its sector by 0.97%. In terms of moving averages, Altius Telecom is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The miscellaneous sector, in which Altius operates, has also seen a decline of 3.19%.
Despite the recent downturn, Altius Telecom boasts a high dividend yield of 14.91% at its current price, which may attract income-focused investors.
In the broader market, the Sensex opened higher at 78,296.28, gaining 311.90 points (0.4%), and is currently trading at 78,017.19. The index has shown resilience, gaining 6.58% over the past three weeks, with mega-cap stocks leading the market today.
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