I buy stocks for long term. Specially, if you have invested in infra sector, you are bound to wait. No highway, tunnel constructed or a railway track laid in a day.
But then sometimes you have to act on the demand of the moment too. For example, I sold most of my stocks when the Adani shares were struck by the Hindenburg report.
For sometime I was feeling that many of the stocks were overbloated. There is no logic to 80 or 100 PE. And, Jio Financical Services has a PE of 8,296!
My instinct told me to sell them.
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