In the current market climate, the focus has shifted from broad rallies to stock-specific moves investors are rewarding companies that outperform fundamentals and penalising those that lag. According to several recent Economic Times pieces, certain large and mid-caps are being flagged by analysts as candidates for 25%+ upside over the next 12 months.

These calls lean on companies with clear earnings visibility, robust balance sheets, and secular tailwinds (sectors where demand is expected to grow). At the same time, analysts warn that valuations are already high and volatility remains a real risk; such return estimates are premised on favourable macro and company-level execution. 

For investors, the takeaway is to be selective—not all large or mid caps will deliver. Focus on business continuity, management track-record, margin expansion, and exposure to high-growth markets. The “25%+ return” tag reflects optimism in pockets, not a blanket market forecast.