India's I.T. sector may finally be entering a phase where investors should start paying attention again. After remaining largely underweight on I.T. stocks since 2021, market participants are beginning to see signs that valuations in several large-cap technology companies have become attractive. While the sector is currently trading in what many consider a "hated and neglected zone," valuations alone may not be enough to trigger a sustained recovery. Sandeep Tandon, Founder & CIO, Quant Mutual Fund, believes early signs of bottoming out are emerging, making selective bottom-fishing opportunities worth considering. However, he cautions against taking overly aggressive bets, noting that the industry's dynamics have changed significantly with the rise of artificial intelligence. The key challenge now is identifying which companies can successfully adapt to and benefit from the AI-driven transformation of the technology landscape.