Stocks in Focus on December 22: Mahindra & Mahindra, Tata Motors, Lupin Limited, Engineers India to Kolte-Patil Developers; here are the 5 Newsmakers of the Day

Key equity indices corrected sharply on Monday, December 21, 2020, tracking weak global cues. The S&P BSE Sensex lost 1406.73 points or 3 per cent to close at 45,553.96. The Nifty 50 index slumped 432.15 points or 3.14 per cent and settled at 13,328.55. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, December 22, 2020. List of such five stocks:

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Mahindra & Mahindra + Tata Motors: 

Mahindra & Mahindra: SsangYong Motor Company (SYMC), the South Korean subsidiary of Mahindra and Mahindra (M&M), on Monday informed the Korean Stock Exchange regarding the commencement of the rehabilitation procedure with the Seoul Bankruptcy Court, M&M said in a notification to the stock exchanges. The development comes a week after the struggling automaker missed the repayment of Rs 480 crore (60 billion Korean Won) to JP Morgan Chase Bank, South Korea, which was due and payable on December 14. The company owes more than Rs 600 crore of loans. M&M holds 75% stake in the company: 
Tata Motors: Tata Motors, India's leading vehicle manufacturer, on Monday announced that there will be a price increase across its commercial vehicle range, effective January 01, 2021.

Lupin Limited: The global pharmaceutical company has announced that it has received approval for its Rufinamide Oral Suspension, 40 mg/ml, from the United States Food and Drug Administration (USFDA), to market a generic equivalent of Banzel® Oral Suspension, 40 mg/ml, of Eisai Inc. Rufinamide Oral Suspension, 40 mg/ml is indicated for adjunctive treatment of seizures associated with Lennox-Gastaut syndrome (LGS) in pediatric patients 1 year of age and older, and in adults. 

Jubilant Food/Westlife Development/ United Spirits: Maharashtra Government has decided to impose night curfew in municipal corporation limits in the state till January 5, 2021, in view of the emergence of a new coronavirus strain in the United Kingdom. The night curfew will remain in force from 11 pm to 6 am every day starting Tuesday, December 22.

Engineers India: Fixes January 1, 2021, as the record date for share buyback of more than 6.98 lakh fully paid-up equity shares of the company. 

Kolte-Patil Developers: The company has announced the second phase of strategic land monetisation for Sector R10 of Life Republic with UK-based Planet Smart City for Rs 81.29 crore.