** Shares of cotton exporter Axita Cotton Ltd AXIA.NS rise
as much as 20% to a record high of 395.40 rupees
** Stock on track for third straight session of gains, marks
record intraday pct gain
** On Friday, AXIA rose as much as 10% after announcing Oct.
21 as the record date for stock split
** In August, company approved sub-division of 1 share into
10 shares
** More than 116,000 shares change hands by GMT 05:17 vs
30-day avg of 66,563 shares
(Reporting by Nishit Navin in Bengaluru)
((nishit.navin@thomsonreuters.com;))