Spice Lounge Food Works shares stayed in focus after two straight upper circuits. The BSE-listed stock locked at the upper band again on Thursday, July 16. The move followed a business update on a new restaurant tie-up. The company said it secured exclusive master franchise rights for Wing Zone. Wing Zone is an American quick service restaurant brand.
At 2:11 pm on Thursday, July 16, the share price hit Rs 26.61 on BSE. The market capitalisation stood at Rs 1,814.61 crore at that time. The stock had also touched an upper circuit on Wednesday. On July 15, it hit Rs 25.36 per share on BSE.
Spice Lounge Food Works said it will lead Wing Zone’s development in India. The company is based in Hyderabad. It described Wing Zone as known for bold chicken flavours and sauces. In a BSE filing issued on Wednesday, July 15, it said, "Wing Zone has established itself as a globally recognised fast-casual restaurant brand,".
The same filing linked the plan to changing customer trends in India. It pointed to "rising demand for premium chicken QSR brands" as one driver. It also cited "growing preference for global food experiences,". Spice Lounge Food Works also positioned the deal as part of a wider platform approach across brands.
Commenting on the agreement, Mohan Babu Karjela Chairperson & Director said, "This partnership marks an important milestone in our long-term growth strategy and reinforces our commitment to building a diversified, multi-brand food services platform in India,". Spice Lounge Food Works added it aims to expand Wing Zone across multiple Indian cities over time.
The stock has seen a wide trading range over the past year. It reached a 52-week high of Rs 72.2 per share on November 24, 2025. It later fell to a 52-week low of Rs 16.21 per share on May 20, 2026. Spice Lounge Food Works reported a return on equity of 0.26%.
The 2026 year-to-date return remained negative at 30.87%, despite the latest upper circuits. Over a two-year period, the stock rose close to 485%. Key figures from the update are listed below for quick reference.
| Metric | Value | Upper circuit price (Thursday, July 16) | Rs 26.61 per share |
|---|---|
| Time and market capitalisation (Thursday, July 16) | 2:11 pm; Rs 1,814.61 crore |
| Upper circuit price (Wednesday, July 15) | Rs 25.36 per share |
| 52-week high | Rs 72.2 on November 24, 2025 |
| 52-week low | Rs 16.21 on May 20, 2026 |
| Return on equity (ROE) | 0.26% |
| Return in 2026 so far | -30.87% |
| Return over two years | Close to 485% |
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Spice Lounge Food Works remained locked at the upper circuit on July 16, after the same pattern on July 15. The moves came after the firm announced exclusive master franchise rights for Wing Zone in India. Investors also tracked the stock’s recent volatility, its 52-week range, and its mixed returns across 2026 and two years.
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