Amidst volatility: Be contrarian or sit it out? 6 mid-caps from different sectors with an upside potential of up to 36%

At a time when mid-cap indices are the biggest losers and market breadth is negative in the segment, looking at mid-caps may seem like a wrong idea. Yes, in the short term (perhaps six months) they may face pressure because the street is adjusting for less-than-expected Q3 earnings. But if you look at the long-term track record, if chosen rightly by quantitative and qualitative criteria, mid-caps give good returns. If in doubt, look at the 10-year returns of mid-cap focused mutual funds. They may have been battered in the past couple of months, but the fact is that they have delivered good returns. As an investor, put some of these stocks on your watchlist. And, as and when market conditions change for the better, start nibbling at them.