Interesting, so you were uncomfortable with the valuations. Even I am concerned with valuation of most of the small-mid cap companies.
Think once that are you in the market to make money with a margin of safety, or to prove yourself right that you have valued a stock correctly? If your average price is far lower than CMP, and the stock is showing momentum Daily/Weekly then you shouldn’t sell.
An average of 100 puts you in a comfortable position in IREDA as per me. I made the first buy at 50 on pre-open and have averaged up since then at 86.
Coming to last point, there is no need to regret after selling, all this thinking need to be done before selling decision is made. Lost profits are not actual loss, only opportunity loss. I am sure you will have some free cash now and can find better opportunities 
Ex: Times to be cautious with high valuations and Parabolic upmove
- Low free float: MMTC, IRFC
- Earnings not following up: Adani Total Gas
- You find other opportunities with same Reward and less risk!
In the end, it does not matter if you and I think a stock is undervalued, overvalued etc. Only when institutes have the conviction, and big money flows in, the companies will do well.
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