India's Den Networks hits 7-month high on Q1 profit rise

** Den Networks DEN rises 2.8% to 40.2 rupees, highest in nearly seven months

** Cable network distributor posts 19.1% y/y rise in Q1 consol net profit; revenue from operations dips 2.5% y/y

** More than 2.1 mln shares traded, more than 2x the 30-day moving average

** YTD, DENN down ~8%