DAMCAPITAL

** India's Quality Power Electrical Equipment QUAY.NS and DAM Capital Advisors DAMC.NS slide as much as 6.7% and 4.2%, respectively

** Lock-in period on 6% outstanding QUAY and DAMC shares expire, as per Nuvama

** QUAY down 23% vs 425 rupees IPO price (lists on Feb 24); DAMS down 22% vs 283 rupees after IPO price (lists on Dec 27)

** DAM Capital gets SEBI administrative warning on certain broking operations matters

** Lock-ins on 6 others expire, including Sanathan Textiles SNAT.NS, Northern ARC Capital NORR.NS, Samhi Hotels SAMH.NS

** SNAT down 3.2%, while NORR flat; other stocks up

** 72 lock-ins to expire from March 17 to May 30 but not all shares will be for sale as promoters hold sizeable stakes, Nuvama says

(Reporting by Vivek Kumar M)

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March 21 (Reuters) - DAM Capital Advisors Ltd DAMC.NS:

• DAM CAPITAL ADVISORS LTD - RECEIVES ADMINISTRATIVE WARNING FROM SEBI

• DAM CAPITAL ADVISORS - SEBI ADVISED TO BE VIGILANT FOR CERTAIN MATTERS OF BROKING OPERATIONS

• DAM CAPITAL ADVISORS- ALREADY RECTIFIED, IMPLEMENTED COMPLIANCE MEASURES

Source text: ID:nBSE74FRtN

Further company coverage: DAMC.NS

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** Pepsi's India bottler Varun Beverages VARB.NS rise as much as 5.7% to 536 rupees

** DAM Capital says market concerns over Campa Cola's aggressive re-entry, broader weak market sentiments "overstated"

** Adds VARB, with distribution network across more than 4 mln outlets in India, minimizes any material risk from Campa Cola's resurgence by Reliance Consumer Products

** Says VARB has more than 36 manufacturing facilities, 2,800+ distributors, 1.15 million visi-coolers nationwide, which will be capital-intensive and time-consuming for Campa Cola to match

** Projects ~19% CAGR sales growth, supported by ~16% volume growth; EPS expected to grow at ~26% CAGR over CY24-26

** Rates stock "buy", with TP of 670 rupees

(Reporting by Ashish Chandra in Bengaluru)

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** Indian auto stocks .NIFTYAUTO climb 2.4% to their highest level in five months

** Index set for third straight gaining session

** While near-term slowdown is inevitable, surplus monsoon and higher agriculture output would improve rural income and boost consumption in both rural and semi-urban regions - brokerage DAM Capital

** Positive traction in tractor segment to percolate into other segments such as two-wheelers and passenger vehicles, brokerage says, adding it sees demand recovery in FY26

** Upgrades two-wheeler maker Bajaj Auto BAJA.NS to "buy" from "sell"

** Also upgrades tractor maker Escorts Kubota ESCO.NS and carmaker Tata Motors TAMO.NS to "buy" from "neutral"

** BAJA and TAMO up ~3% each while ESCO climbs 4%; BAJA leads gains on NIFTYAUTO

** Ashok Leyland ASOK.NS and Mahindra and Mahindra MAHM.NS, which also make tractors, climb 1.3% and 2.5% respectively

** NIFTYAUTO eyes weekly gain of ~4%, set for first weekly gain in three

(Reporting by Kashish Tandon in Bengaluru)

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