These large- and mid-cap stocks can give more than 25% return in 1 year, according to analysts

Even as the market stays in stock-specific mode, there is a possibility that we might see a change in the underlying bias of the volatility. But first: What is stock-specific mode? It’s a situation where, rather than a broad-based rally where large numbers of stocks are moving up or down, the street rewards stocks which deliver on earnings or where the fundamental operating matrix is improving. And punishes stocks where earnings are below estimates. This is what has been happening in the market in the last few trading sessions. This kind of strong reaction happens when there is a good amount of money sitting on the sidelines, but that money is cognizant of valuations, which surely are not cheap.