** Shares of Australia's Vysarn VYS.AX rise as much as 4.1% to A$0.693, their highest level since March 26
** Stock hits biggest intraday pct gain since April 6
** Integrated water service provider says Vysarn Asset Management (VAM) and Kariyarra Aboriginal Corp joint venture partner short-listed to proceed to Stage 2
** Says shortlist by Water Corp to be a prospective supplier of bulk water to Australia's largest bulk export port, Port Hedland
** Despite moves, stock down 2.1% YTD
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))