** Shares of IELTS-owner IDP Education IEL.AX jump 4.8% to A$3.815; biggest intraday pct gain since July 1

** Australia will raise cap on foreign students by 9% to 295,000 next year

** Nearly 40% of co's student placement volumes come from Australia, according to Jefferies

** YTD, shares down about 70%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))