Altius Telecom Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

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 0.68% during this period. In terms of performance, Altius Telecom has underperformed the Sensex, which has gained 1.17% today, while the stock itself has dropped by 0.65%. Over the past week, Altius Telecom has seen a decline of 1.54%, contrasting sharply with the Sensex's increase of 1.26%. The stock's performance over the last month shows a decrease of 2.00%, while the Sensex has only fallen by 1.22%. Notably, Altius Telecom's performance over three months is down 2.65%, compared to the Sensex's more substantial decline of 6.42%. 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 Miscellaneous sector has gained 2.77%, further highlighting Altius Telecom's struggles. Despite a high dividend yield of 14.72%, the stock's erratic trading, with inactivity on two days out of the last 20, may be contributing to the current selling pressure.