** Shares of Propel Funeral Partners rise as much as 2% to A$5.49, their highest level since April 24
** Stock on track for its third consecutive gain
** Funeral services provider to acquire four established businesses operating in the funeral industry and related assets for A$12 mln($7.94 mln)
** Says acquisitions are expected to be earnings accretive in year one
** Stock up 4.3% this year as of last close
($1 = 1.5117 Australian dollars)
(Reporting by Megha Rani in Bengaluru)
((Megha.Rani2@thomsonreuters.com;))
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