Spice Lounge Food Works Stock Hits Upper Circuit Amid Market Rebound

Q: How has Spice Lounge Food Works performed over the long term?

The stock has shown multibagger returns, increasing by **158%** over the past year and **2,278%** over five years.

Original: Small-cap stock under ₹50 hits upper circuit following Indian stock market rebound

Mint•Apr 6, 20262 min

In a Nutshell

Spice Lounge Food Works shares surged 5% to ₹27.82 on the Bombay Stock Exchange, marking a third consecutive session of gains. This increase comes as the Indian stock market rebounds, with the company’s stock showing a remarkable 158% rise over the past year despite recent declines.

Key Points

01Spice Lounge Food Works shares locked at 5% upper circuit at ₹27.82.
02The stock has increased 15.7% over the last three sessions.
03Despite recent declines, the stock has delivered 158% returns over the past year.
04The broader Indian stock market also saw gains, with benchmark indices rising nearly 1%.
05The company operates in diverse sectors including food, beverage, and nightlife.

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Full Summary

Spice Lounge Food Works, a diversified hospitality and lifestyle company, saw its share price locked at 5% upper circuit at ₹27.82 on the Bombay Stock Exchange (BSE), marking a 15.7% increase over the last three sessions. This surge aligns with a broader rebound in the Indian stock market, where benchmark indices like the Sensex and Nifty 50 gained nearly 1% each. Despite a 7% decline in the past month and a 27% drop year-to-date, Spice Lounge Food Works has delivered impressive returns, with a 158% increase over the past year and a staggering 2,278% rise over five years. The stock's trading volume was lower than its averages, with around 9,000 shares exchanged on April 6, compared to a one-week average of 22,000 shares.