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)

(([email protected];))

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

(([email protected];))

** 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)

(([email protected] (+91 7982114624))

** NSE Nifty 50 .NSEI and BSE Sensex .BSESN rise ~0.4% each

** Eight of 13 major sectors advance; auto index .NIFTYAUTO gains 1.4%

** Mahindra & Mahindra MAHM.NS, Bajaj Auto BAJA.NS and Tata Motors TAMO.NS up between 2%-3%; among top five Nifty 50 gainers

** DAM Capital expects Indian automakers' earnings to rebound on rural demand recovery

** Financials .NIFTYFIN and pharma cos .NIPHARM rise 0.2% and 1%, respectively

** Nifty hovering around 200-day moving avg this week, with clear directional cues likely only after quarterly earnings starting in January second week, two analysts say

** Smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 flat

** Water treatment plant maker VA Tech Wabag VATE.NS gains 3% on winning 7 bln-rupee ($81.7 mln) order

** Star Cement STAT.NS rises 2.3% after Ultratech Cement ULTC.NS approves purchase of 8.7% stake in STAT at 2% premium to Thursday close

($1 = 85.6770 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))