Multibagger small-cap stock: Spice Lounge Food Works share price hit 5% upper circuit on Thursday, December 4, after the company announced that it has secured exclusive master franchise rights for WingZone.
The small-cap stock has opened at ₹52.70 apiece on Thursday, as compared to the previous close of ₹50.47 on Wednesday. Spice Lounge Food Works share price has given multibagger returns by surging over 137.62% in just six months, 454.29% in terms of year-to-date (YTD) and 896% in the last one year.
What’s behind the rally?
In a release dated December 4, the company announced that it has secured the exclusive Master Franchise rights for Wing Zone, an internationally recognised quick service restaurant (QSR) brand renowned for its chicken-based offerings and flavour-forward menu innovation.
Under the leadership of Chairperson Mr. Mohan Karjela, the Company plans to introduce Wing Zone to consumers across India through a strategic mix of high-street outlets and cloud-kitchen formats, enabling strong accessibility and scalable growth.
According to release, the company will launch India’s first Wing Zone outlet in Koramangala, Bangalore, in January 2026.
Following the launch, Spice Lounge Food works intends to expand Wing Zone’s presence with additional outlets across Bangalore, Hyderabad and Chennai, with further rollout planned in other major cities as part of a structured, multi-phase expansion strategy.
(This is a developing story)
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
