800% multibagger returns from 52-week low: Penny stock under Rs 50 locked in upper circuit & 52-week high on August 28

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800% multibagger returns from 52-week low: Penny stock under Rs 50 locked in upper circuit & 52-week high on August 28

The stock has given multibagger returns of over 800 per cent from its 52-week low of Rs 4.60 per share and a whopping 3,500 per cent in 5 years.

On Thursday, shares of Spice Lounge Food Works Limited hit a 5 per cent upper circuit to Rs 42.14 per share from its previous closing of Rs 40.14 per share. The stock also made a 52-week high of Rs 42.14 per share and its 52-week low of Rs 4.60 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.

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Effective August 11, 2025, Shalimar Agencies Limited has 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". This corporate action was announced via a notice on August 5, 2025.

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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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 2,900 crore. The stock has given multibagger returns of over 800 per cent from its 52-week low of Rs 4.60 per share and a whopping 3,500 per cent in 5 years.

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