Overnight Digest: Stock To Watch Tomorrow
DSIJ Intelligence / 21 May 2026 / Categories: Mindshare, Trending
Indian benchmark indices ended largely unchanged on Thursday after surrendering early gains amid profit booking and reports that the Reserve Bank of India may consider additional measures, including a possible rate hike, to support the rupee. Meanwhile, ITC, Smartworks Coworking Spaces and Aurum PropTech are likely to remain in focus after quarterly earnings, expansion plans and balance sheet developments.
The Indian stock market ended mostly flat on Thursday, May 21, as benchmark indices erased early gains amid profit booking. Investor sentiment turned cautious following reports that the Reserve Bank of India (RBI) is considering additional measures, including a possible interest rate hike, to stabilise the rupee.
Global crude oil prices also remained in focus. Brent crude futures stabilised near USD 105 per barrel after declining nearly 6 per cent over the previous two sessions. According to Trading Economics, traders remained cautious amid expectations of a potential US-Iran agreement that could reopen the Strait of Hormuz and ease supply concerns.
Meanwhile, the Indian rupee appreciated 0.6 per cent against the US dollar to trade near the 96 mark. According to Reuters, the RBI reportedly intervened through state-run banks by aggressively selling dollars before market opening hours to arrest the rupee’s recent decline.
Against this backdrop, the following stocks are likely to remain in focus during Friday’s trading session:
1. ITC Ltd
ITC Ltd reported its financial results for the fourth quarter and financial year ended March 31, 2026. The company posted a sharp 73.86 per cent decline in consolidated net profit at Rs 5,113.36 crore for Q4FY26, compared with Rs 19,561.79 crore in the corresponding quarter of the previous financial year. Despite the fall in profitability, total income during the quarter increased 15.85 per cent to Rs 22,347.42 crore from Rs 19,289.94 crore reported in the year-ago period. The results indicate that while revenue growth remained steady across segments, profitability came under pressure during the quarter.
2. Smartworks Coworking Spaces Ltd
Smartworks Coworking Spaces Ltd announced an expansion of its existing Gurugram capacity by 402,200 square feet with an investment of nearly Rs 60 crore. The additional capacity is expected to become operational within May 2026 and is aimed at supporting business growth and strengthening the company’s operational footprint. The company currently operates around 10.1 million square feet of office space with an utilisation rate of 82 per cent.
Aurum PropTech Ltd announced the successful sale of Buildings Q5 and Q6 at Millennium Business Park in Navi Mumbai for a total consideration of Rs 112 crore. According to the company, the transaction was completed at nearly 15 per cent above the independent valuation of the assets. The company said the proceeds from the sale have been utilised towards full prepayment of its Lease Rental Discounting (LRD) facility, making Aurum PropTech a debt-free company.
Disclaimer: The article is for informational purposes only and not investment advice.