India's Swaraj Engines gains after Q1 profit rise

** Shares of Swaraj Engines NSE:SWARAJENG rise 4.1% to 4,342.40 rupees

** Engine maker's Q1 profit rises 15.7% Y/Y to 499.7 mln rupees ($5.8 mln), revenue up 15.8% Y/Y

** Trading vols at 151,379 shares, over 4x the 30-day average

** SWAR up ~47% YTD

($1 = 85.8550 Indian rupees)