IT stocks: From being contrarian trade to the next possible theme of the street? 7 IT stocks with an upside potential of up to 37%

October has seen the highest ever selling by FIIs in a single month. Now which are the sectors where FII own most stakes? Financial services (including banks), the IT sector, and a few large manufacturing companies. In this phase of selling, it is IT stocks which have seen less selling and least damage. The question is: Why has a sector that has been underperforming for the last three years and is over-owned by FIIs not seen much decline in the current brutal selling? Is this an indication that, after a three-year hiatus, the worst has been priced in?