Volume spurt alert & 3,200% multibagger returns: Penny stock under Rs 40 hit upper circuit on August 25
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of over 730 per cent from its 52-week low of Rs 4.60 per share and a whopping 3,200 per cent in 5 years.
On Monday, shares of Spice Lounge Food Works Limited hit a 5 per cent upper circuit to Rs 38.23 per share from its previous closing of Rs 36.41 per share. The stock’s 52-week high is Rs 41.13 per share and its 52-week low of Rs 4.60 per share. The shares of the company saw a spurt in volume by more than 5 times on the BSE.
A Board of Directors meeting for Spice Lounge Food Works Limited is scheduled for Thursday, August 14, 2025, at 5:00 P.M. The primary agenda includes considering and approving the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025, along with any other matters brought forth by the Chair.
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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 2,600 crore. The stock has given multibagger returns of over 730 per cent from its 52-week low of Rs 4.60 per share and a whopping 3,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.