UK's Spirax-Sarco rises on Q1 earnings, maintaining FY forecast
** Shares of valve maker Spirax-Sarco Engineering SPX.L up 2.5% at 9,495 pence; among top pct gainers on FTSE 100 index .FTSE
** Co reports Q1 global industrial production growth of 1.7%; adj operating profit margin slightly ahead of last year
** "Co continues to expect 'modest' YoY progress in the group's EBITA margin, with a higher 2h-weighting to EBITA than usual" - Jefferies
** Co maintains FY forecast, anticipates mid to high-single-percentage organic growth in group revenues
** Jefferies says "demand from pharma & biotech customers has started to show early signs of improvement"
** At current levels, stock down about 14.4% in last 12 months
Reporting by Judes Joseph in Bengaluru
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