Multibagger Stock Alert: THIS Smallcap Stock Under Rs 50 Hits Back-To-Back Upper Circuit On Business Update

Multibagger Stock Alert: Shares of Spice Lounge Food Works hit upper circuit on Thursday, July 16, after hitting upper circuit in the previous session. These back-to-back upper circuits came after the company secured exclusive master franchise rights for Wing Zone. It is the globally recognised American quick service restaurant (QSR).

Spice Lounge Food Works share price hit upper circuit of Rs 26.61 per share on BSE with a market capitalisation of Rs 1,814.61 crore at 2:11 pm on Thursday, July 16. The stock had touched an upper circuit of Rs 25.36 per share on BSE on Wednesday too.

Spice Lounge Food Works Business Update

Spice Lounge Food Works will now become the main driving force behind the expansion of America's favourite quick service restaurant (QSR) franchise, Wing Zone. The franchise is popular for its renowned bold chicken flavours, signature sauces and premium-quality offerings.

Spice Lounge Food Works Ltd. has secured the exclusive Master Franchise rights for Wing Zone, the internationally recognised American quick service restaurant (QSR) brand renowned for its bold chicken flavours, signature sauces and premium-quality offerings. The Hyderabad-headquartered company secured exclusive master franchise for Wing Zone and will lead the brand development in India, and expanding presence across different cities in India.

"Wing Zone has established itself as a globally recognised fast-casual restaurant brand," the Indian market will help the company to capitalise on opportunities driven by "rising demand for premium chicken QSR brands", "growing preference for global food experiences," as per Spice Lounge BSE filing issued on Wednesday, July 15.

"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," stated Mohan Babu Karjela Chairperson & Director.

Spice Lounge Food Works Share Price Trend

The stock hit upper circuit on Thursday, July 16. Its share price value touched tis 52-week high mark of Rs 72.2 per share on BSE on November 24, 2025. The stock dipped to its 52-week low mark of Rs 16.21 per share on BSE on May 20, 2026. Spice Lounge FOod Works stock has a return on equity (ROE) of 0.26%. The stock has delivered negative return of 30.87% in 2026 so far. But it has surged close to 485% in two years.

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