Shares of Spice Lounge Food Works hit the upper circuit on the Bombay Stock Exchange for a second consecutive session on Thursday, reflecting sustained buying interest in the small-cap FMCG name.
The stock opened at ₹26.50, up from Wednesday’s close of ₹23.35, and traded as high as ₹26.13 during the session before hitting the daily price ceiling.
This marks the second day of limit-up trading for the company, which has seen significant momentum following recent corporate announcements.
The rally underscores growing investor confidence in the company’s expansion strategy, particularly its move into the quick-service restaurant segment through the Wing Zone brand.
The company recently announced the opening of its first Wing Zone outlet in Bengaluru, a strategic step that has resonated with market participants.
This development follows a similar pattern seen in other Indian small-caps, such as Sindhu Trade Links, which also saw extended gains on positive corporate news.