Share Market News: THIS company hits 5 percent upper circuit as markets rally in early trends, check details here

Spice Lounge Food Works Ltd Sees Strong Rally Amid Market Boom

The stock of Spice Lounge Food Works Ltd, a small-cap company with a market capitalization of Rs 2,529.16 crore, has hit an upper circuit of 5% for the second consecutive day.

As of the last available data, the company's stock traded at ₹36.28 on the BSE, with 10,525 equity shares being traded.

Market Performance Overview

• The stock has delivered a return of 164% in one year, effectively doubling investors' money.
• Over the last two years, the stock has returned over 688%.
• In the last three years, the stock has returned over 800%.
• Over the last five years, the stock has returned an impressive 3,000%.

Recent Acquisition Plans

Spice Lounge Food Works Ltd has informed the exchange that its board of directors has approved the purchase of a 100% stake in Singapore-based Prisha Infotech.

The acquisition is expected to be completed within the next 12 months, with a total purchase price of US$150,000.

The company aims to expand its focus on technology-based solutions in the food service and hospitality sectors, aligning with its long-term strategy of expansion, diversification, and global presence.

Benefits of the Acquisition

The addition of Prisha Infotech's software development and programming capabilities is expected to strengthen Spice Lounge's digital base and facilitate access to international markets through Singapore.

Prisha Infotech specializes in enterprise software, digital platforms, and tech solutions for customer-facing businesses, improving operational efficiency, customer engagement, and data-driven decisions.

• The acquisition is expected to drive innovation in supply chain management.
• It will also enhance point-of-sale systems and customer experience platforms.
• Additionally, the acquisition will facilitate analytics-based operations.