1. Jubilant Foodworks: There's plenty to be jubilant about Jubilant Foodworks, according to Motilal Oswal, which gives the company an upside of 17% on a price target of Rs. 4830. "In addition to its delivery and value moat, Jubilant Foodworks is boosting its technological moat to enhance its lead over its QSR peers and aggregators," analysts Krishnan Sambamoorthy and team note. "Given the structural opportunities in the QSR space and JUBI's dominant positioning, with a proven and profitable model, we expect it to be the key beneficiary of favorable trends (shift towards branded players)."

2. Easy Trip: For ICICI Securities, this newly listed online travel platform is a buy, with a target price of Rs 600 - an upside of 25%. "It is the fastest growing and only profitable company among online travel portals in India," analyst Rashesh Shah writes. He notes key drivers of long term growth of Easy Trip and online travel: "(1) Increased adoption of internet platforms in under-penetrated segments such as hotels, international travel and buses, (2) growth in demand in air and hotel segments due to rising income levels and (3) deeper penetration of travel into lower tier towns."

3. Bajaj Auto: In the auto sector, it is Bajaj Auto that is speeding away with the prize, according to Axis, which gives the stock an upside of 13%+ on a target price of Rs. 4250. "Prudent cost management by the company led to margin expansion," analyst Darshan Gangar says, "BA’s exports business is doing better than ever, which helped it cover for the weakness in the domestic market. EV business and Triumph partnership will be the key future growth drivers moving forward."

4. Exide Industries: Geojit is bullish on this battery storage company, giving it an upside of 16% on a target of Rs. 220. "Despite 20% increase in the lead price for the quarter, stringent cost control measures led the PAT to grow by 185% YoY," analyst Saji John observes. "The overall demand scenario is showing sign of pick up due to cyclicality. We expect the margin to show some resilience going forward due to cost optimization." Some risks remain, however. "We factor 140bps lower margin from our early estimate due to lower supply of raw material and demand normalization in the after market segment."

5. Nazara Technologies: Prabhudas Lilladhar has pressed play on this gaming company, initiating coverage with a bullish buy call - an upside of 29% on a target price of Rs. 2342. Analysts Jinesh Joshi and Shweta Shekhawat write, "Nazara is India’s only listed gaming company with no competitive benchmarking. As business model is scalable and focus is on growth, we don’t rule out intermittent volatility in profitability."

But still, they insist, the company is a good investment. "We believe that a portfolio approach to gaming eliminates shelf life risks, as the business model can be altered depending on technological advancements and changing taste of consumers. With net cash balance sheet of Rs 4.8bn, Nazara has plans to expand its gaming portfolio inorganically which offers distinct option value."