IT stocks: Yes, short term headwinds, but strength of balance sheet is good enough reason, 6 stocks with upside potential of 15 to 34% in 1 year

Just before the announcement by the US Fed, there was a sudden bout of selling in IT stocks. The IT index saw a cut of more than 3 percent and the decline in stock was across the board, whether large or mid-cap IT stocks, all of them witnessed a cut. If this is appearing unexpected, then probably consider just one simple fact that amongst IT is the sector where the FPI has one of the highest exposure. So, if there is a sector where there can be an implication of recession in the US and a hedge fund decides to sell then it would be IT stocks which will be on top of the list of selling. So there will be short term unexpected and what might appear to be the unexplained bout of selling which may come. But the bigger reason is the strength of the balance sheet and experience to deal with headwinds.