There is an old saying on Dalal street. News and stock prices have an inverse relationship. When news is good, stock prices are bad and when news is bad, stock prices are good. This probably has played in the IT space more than anywhere else. The news and also one may say opinion is bad about these stocks. It is not the first time that IT stocks are witnessing such a wave of negative sentiment against them. In the past also when the world of technology has gone through a structural shift, like the one when the “ cloud” came in, even then similar sort of sentiment was seen against them. They all adjusted and moved ahead. Today, it's AI, they have already started to adjust. Is there a case of taking a contrarian call in IT stocks ?
