Only Buyers in this multibagger penny stock under Rs 60: Shares of Spice Lounge Food Works hit 5% upper circuit & rocketed 1,095% from 52-week low

DSIJ Intelligence-1 / 03 Nov 2025/ Categories: Multibaggers, Penny Stocks, Trending

Only Buyers in this multibagger penny stock under Rs 60: Shares of Spice Lounge Food Works hit 5% upper circuit & rocketed 1,095% from 52-week low

The stock has given multibagger returns of 1,095 per cent from its 52-week low of Rs 4.83 per share and a whopping 4,800 per cent in 5 years.

On Monday, shares of Spice Lounge Food Works Limited were locked in a 5 per cent Upper Circuit to an all-time high of Rs 57.73 per share from its previous closing of Rs 54.99 per share. The stock also made a 52-week high of Rs 57.73 per share and its 52-week low is Rs 4.83 per share.

Spice Lounge Food Works Limited is a publicly listed food service company driving India's next generation of dining innovation, built on over 75 years of combined hospitality expertise. The company currently manages and scales more than 13 outlets across two states under a portfolio of leading global and homegrown brands. Formerly known as Shalimar Agencies Limited, Spice Lounge utilises operational excellence, strategic brand partnerships, and technology to deliver consistent, high-quality experiences in casual, quick-service, and fast-casual formats, aspiring to become a preferred choice for diverse dining across India.

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Spice Lounge Food Works Limited (SLFW), a company with over 75 years of combined hospitality expertise and a portfolio including brands like Buffalo Wild Wings and Wing Zone, announced a major strategic shift by acquiring 100 per cent of Rightfest Hospitality LLP. This acquisition is a deliberate and strategic expansion beyond SLFW's traditional culinary focus, positioning it as an all-encompassing lifestyle powerhouse in India's experiential market. By horizontally moving into high-growth experiential segments, SLFW aims to capitalise on rising demand from affluent millennials and tourists, delivering curated experiences across dining, nightlife, and entertainment.

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The acquisition of Hyderabad-based Rightfest Hospitality LLP—founded in 2022 and operating venues like XORA Bar & Kitchen and the SALUD beach club concept in Goa-provides SLFW immediate entry into the premium hospitality and entertainment sector. Rightfest is also renowned for its high-energy, multi-crore turnover live music and entertainment events, having organised major shows for artists such as B Praak and Mika Singh. In a separate move, SLFW's Board also authorised Chairman Mr Mohan Babu Karjela to evaluate and decide on the potential acquisition of a majority stake in Blackstone Management LLC, an international hospitality group specialising in luxury dining and lifestyle services across Europe and the Middle East, to secure an international platform and critical global expertise for future scalability.

In Q1FY25, the company reported net sales of Rs 32.29 crore and net loss of Rs 1.18 crore while in FY25, the company reported net sales of Rs 105 crore and net profit of Rs 6 crore. The company has a market cap of over Rs 4,000 crore. The stock has given multibagger returns of 1,095 per cent from its 52-week low of Rs 4.83 per share and a whopping 4,800 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.