Altius Telecom Faces Intensified Selling Pressure Amidst Continued 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 the broader market significantly.
Over the past week, Altius Telecom has declined by 0.92%, while the Sensex has gained 4.99%. The one-month performance reflects a similar trend, with Altius down 2.27% compared to the Sensex's 4.59% increase. In the last three months, Altius Telecom has seen a decline of 2.91%, contrasting with the Sensex's slight drop of 0.77%. Despite a strong one-year performance of 46.60%, the stock has struggled year-to-date, showing a decrease of 2.27% against the Sensex's marginal decline of 0.34%.

Today's performance indicates that Altius Telecom is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the selling pressure. The miscellaneous sector, in which Altius operates, has gained 2.21%, underscoring the stock's underperformance relative to its peers. Additionally, the stock boasts a high dividend yield of 14.85% at the current price, which may attract attention despite the ongoing selling activity.