These large- and mid-cap stocks can have an upside potential of more than 24% in 1 year, according to analysts

With the bulls making yet another comeback bid, the question on the street is familiar: Are valuations still high, or has the recent correction pulled them back into some sort of a comfort zone? There is, however, no clear answer. Valuations have moderated in some sectors, but they are still far from cheap in others. So, what to do as an investor? Simple. Stop focusing on the short-term movements of the market (which may well remain volatile). Focus, instead, on evaluating the sectors and businesses behind the stocks you own – or intend to own.