I do not see any major correction. You can begin investing but in small lots in order that, if at all, after the announcement of union budget not finding favour with the market circles and there creeps in a kind of correction, you can buy more and average them out.
I am getting out of my reasonable position of just under 10000 shares as the short term outlook in my view is poor given significant expected reduction in capital goods expenditure secondary to another impending massive global correction. I am significantly in profit and hope to deploy these funds to another attractive stock that I have identified (Rolta). I fully agree that the company is great in terms of technology, segments exposed to, global footprint, excellent corporate governance and leadership and high promoter stake. Correction to the early 400s region is not ruled out in my view. Good luck in whatever you do :)
One of the best and fundamentally strong stock in Capital Good segment. It has its presence in almost all the industries and has good clientele. To make it a strong bet, it has global presence. Good and regular dividend pay out, transparent governance and rock solid performance.
Advisable to buy on correction from med to long term horizon.