Adani Enterprises, IndiGo & more: Top stocks to buy on October 10; check list
Jefferies has a buy rating on Adani Enterprises with the target price at Rs 3,000. Analysts said Navi Mumbai International Airport (NMIA)’s inauguration marks a strategic expansion in India’s aviation infrastructure, easing congestion for Mumbai Metropolitan Region (MMR). Phase-1 adds 2 crore passenger capacity (total: 9 crore), and bridges gaps to underserved regions. The company’s dual airport strategy— owning NMIA/Mumbai International Airport (MIAL)—enables coordinated slot allocation and removes intra-regional competition. Analysts also feel a strong non-aero focus across retail, hospitality, and RE should enhance monetisation, positioning NMIA as a high-growth asset in Adani’s airport portfolio.Nomura has a buy on Prestige Estates Projects with the target price at Rs 1,900. Analysts said the company’s presales grew 50% year-on-year to Rs 6,000 crore during the last quarter which was ahead of estimates. The beat was driven by one more plotted development launch towards fag end of the quarter and stronger-than-expected sustenance sales of roughly Rs 4,000 crore. One key theme which analysts believe is reflecting in the second quarter of FY26 is the strong sustenance sales from existing inventory.Goldman Sachs has a buy on Interglobe Aviation (Indigo) with a target price of Rs 6,000. Analysts said that recent trends highlight a moderation in domestic air traffic, though international traffic continues to demonstrate strong growth. They feel with capacity expansion and robust demand across global routes, expect international travel to remain the primary engine for growth in coming quarters. They also expect market leader IndiGo to deliver strong growth in international expansion. IndiGo is well-positioned to capitalize internationally with better pricing, and a more extensive pipeline of new routes, helping it sustain growth.CLSA has an outperform rating on PVR Inox with the target price at Rs 1,920. Analysts said that the domestic gross box office collections were up 20% on an annual basis for the year-to-date (YTD) and festive season ahead should help to allay concerns over structural risks for multiplexes, including from streaming services. They believe India has immense movie content and YTD Bollywood/Hollywood film releases were up by ~25%. Meanwhile sector leader PVR Inox with 1,743 screens across 111 cities continues to expand, funded by internal accruals.Citigroup has a buy rating on Eternal with the target price raised to Rs 395 from Rs 320. Analysts feel growth momentum in Blinkit remains stellar, and the focus on user acquisition is visible in acceleration in app-traffic, continued investment in dark store expansion, and new cities additions. They believe this has further solidified Blinkit’s market leadership in recent quarters, driving upside to growth and margins. In the food delivery business, they continue to expect stable trends with growth in the mid-high teens range.
