I agree, someone might not sell when the move is like that crazy. But then again someone might sell to maintain the balance, you know, the greed. I dont see any logic behind this type of valuation in IREDA. I agree, the scope is huge, but it wont be achieved tomorrow. I will be not comfortable with a valution, which is already factored in the next 2-3 years growth.
Besides, there is other matter. I didnt get a chance to get in the initial phase and then it went out of my radar. I started buying at 118-119 level and the way down. so selling my top was to bring the avg down. Most of my buys are in the range of 101-107.
I am not saying I dont regret selling (it was wrong, as you said), believe me I do… but you know- “Bech ke pastao”
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