** Shares of XPON Technologies rise 30% to A$0.013, their highest level since Sep. 19

** IT service provider reports annualised recurring revenue of A$7.9 mln($5.25 mln), up by 8% Q/Q

** Stock set for its biggest pct gain since Oct. 3, if current trends hold

** Stock down 35% YTD, including current session, as at 0420 GMT

($1 = 1.5047 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))