Now Reading: Small-cap stock under Rs 50 hits 10% upper circuit on new order
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Small-cap stock under Rs 50 hits 10% upper circuit on new order
Small-cap stock under Rs 50 hits 10% upper circuit on new order
Spice Lounge Food Works shares hit the 10% upper circuit on Wednesday, trading at Rs 26.67 after opening at Rs 25.39. The jump came despite weak market sentiment on Dalal Street. The…
The Story in Brief
Spice Lounge Food Works shares hit the 10% upper circuit on Wednesday, trading at Rs 26.67 after opening at Rs 25.39. The jump came despite weak market sentiment on Dalal Street. The stock touched an intraday high of Rs 27.92.
The company secured an order worth over Rs 21 crore from Xora World for live events and entertainment. It is also expanding its WingZone brand with a second outlet in Bengaluru. Despite a 500% return over two years, the stock has fallen 26% year-to-date and 28% over the past year.
The Indian Opinion
The 10% circuit and multi-year return numbers grab attention, but a 26% drop in 2026 so far is the real story. Investors chasing penny stocks based on a single Rs 21 crore order should note the company's market cap and check if the order is a recurring revenue stream or a one-off. The test will be the quarterly results due this week: do they show operational profit, or just hype?
Source: livemint.com
This story was synthesised by AI from the source linked above.
