India's Jindal Drilling and Industries rises after Q1 profit growth

** Shares of Jindal Drilling and Industries Ltd NSE:JINDRILL rise as much as 5.9% to 674 rupees

** Co reported a 50.7% y/y rise in Q1 consol profit; income from ops grew 48.6%

** Stock on track to gain for third straight day

** More than 803,000 shares traded as of 10:53 a.m. IST, 6.6x their 30-day moving avg

** JNDR last up 3.7%, cutting YTD losses to 17.5%

($1 = 87.6150 Indian rupees)