Market Cap of Rs 2,600 Crore: Multibagger penny stock under Rs 50 hit upper circuit on February 19

On Thursday, shares of Spice Lounge Food Works Limited hit a 5 per cent to Rs 37.49 per share from its previous closing of Rs 35.71 per share. The stock has a 52-week high of Rs 72.20 per share and its 52-week low is Rs 7.69 per share. Only Buyers in this multibagger Penny Stock Under Rs 50; Locked in Upper Circuit on February 12

Spice Lounge Food Works Limited is a lifestyle innovator redefining how people eat and play. By blending a wide array of global flavours with high-energy nightlife and live events, the company manages a dynamic portfolio that includes Blaze Kebabs, Salud, and Buffalo Wild Wings. Committed to "experiential" dining, Spice Lounge continues to scale its multi-category ecosystem across the world’s most influential cities.

The company is pivoting toward the experiential economy by hosting a major tribute to Maestro Ilaiyaraaja on March 28, 2026, at Hyderabad’s Gachibowli Stadium. Organized through its subsidiary’s cultural arm, XORA World, this landmark event celebrates the composer’s 50-year legacy and marks a strategic expansion from traditional restaurant operations into a broader lifestyle and entertainment ecosystem.

According to Quarterly Results (Q3FY26), the company reported revenue of Rs 32.91 crore and net profit of Rs 2.47 crore. In 9MFY26, the company reported revenue of Rs 111.40 crore and net profit of Rs 4.73 crore. Looking at annual results (FY25), the company reported a revenue of Rs 105 crore and net profit of Rs 6 crore.

The company has a market cap of over Rs 2,600 crore. The stock has given multibagger returns of 388 per cent from its 52-week low of Rs 7.69 per share and a whopping 3,000 per cent in 5 years. Mohana Babu Karjela, a public shareholder, holds a 40.36 per cent stake in the company as of December 2025.

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