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India's Omaxe rises after tribunal stalls regulator's market ban on co



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** Shares of Omaxe Ltd OMAX.NS rise as much as 5%, the exchange-allowed upper limit, to 114.71 rupees

** Real estate co says Securities Appellate Tribunal (SAT) grants stay on final order passed by India markets regulator against co, chairman and others for alleged irregularities in financial statements

** Adds, SEBI had restricted co, others from accessing securities market; SAT stay order enables OMAX to raise capital, continue business ops as usual

** Stock on track to snap six weeks of losses

** OMAX gains 53.2% YTD



Reporting by Meenakshi Maidas in Bengaluru

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