700% multibagger returns from 52-week low: Penny stock under Rs 50, Spice Lounge Food Works Ltd hit 5% upper circuit on October 13

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700% multibagger returns from 52-week low: Penny stock under Rs 50, Spice Lounge Food Works Ltd hit 5% upper circuit on October 13

The stock has given multibagger returns of over 700 per cent from its 52-week low of Rs 4.83 per share and a whopping 3,000 per cent in 5 years.

On Monday, shares of Spice Lounge Food Works Limited hit a 5 per cent Upper Circuit to an Intraday high of Rs 48.69 per share from its previous closing of Rs 36.85 per share. The stock’s 52-week high is Rs 50.94 per share and its 52-week low of Rs 4.83 per share.

Spice Lounge Food Works Ltd is engaged in the business of operating restaurants and other hospitality-related services, focusing on delivering quality dining experiences. The company aims to offer a diverse menu that blends authentic flavours with contemporary culinary styles, catering to a wide range of customer preferences. With an emphasis on maintaining high standards of service and food quality, Spice Lounge Food Works Ltd seeks to position itself as a preferred choice for both casual and fine dining, while exploring opportunities for growth through expanding its footprint in strategic locations.

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The company’s earlier name, Shalimar Agencies Limited, was officially changed its name to Spice Lounge Food Works Limited. This change, in accordance with the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, also updates the company's Scrip ID to "SPICELOUNG" and its abbreviated name on the BOLT Plus System to "SPICELOUNG".

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 2,500 crore. The stock has given multibagger returns of over 700 per cent from its 52-week low of Rs 4.83 per share and a whopping 3,000 per cent in 5 years.

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