Altius Telecom Faces Intense Selling Pressure Amidst Ongoing Price Declines

Altius Telecom Infrastructure Trust is currently facing significant selling pressure, with today's trading session showing only sellers in the market. This trend marks a continuation of consecutive days of losses for the stock, which has underperformed relative to the broader market. Over the past three months, Altius Telecom has declined by 1.32%, while the Sensex has seen a more substantial drop of 9.57%. In the past year, the stock has decreased by 2.28%, contrasting with the Sensex's modest gain of 0.30%.
Despite today's slight outperformance of 0.17% against the Sensex's decline of 0.53%, the stock's overall performance indicates a challenging environment. Notably, Altius Telecom has exhibited erratic trading patterns, having not traded on three days out of the last 20. The stock's moving averages reveal that it is currently above its 5-day average but below its 20-day, 50-day, 100-day, and 200-day averages, suggesting a lack of consistent upward momentum. Additionally, the stock boasts a high dividend yield of 14.54% at the current price, which may be a factor influencing investor sentiment amidst the selling pressure.