New Delhi, May 4 -- Spice Lounge Food Works share price traded higher on Monday, snapping its six-day losing streak, amid strong buying momentum. The small-cap stock hit 5% upper circuit of Rs.20.51 apiece on the BSE.

The rally in Spice Lounge Food Works share price comes after losing more than 21% in the past one week.

Strong gains in the broader Indian stock market today also supported the rally. The benchmark Sensex jumped over 700 points, and the Nifty 50 rose over 1% to trade above 24,200 level.

The Nifty Smallcap 100 and the Nifty Midcap 100 indices surged more than 1% each.

Spice Lounge Food Works share price has fallen 23% in one month and has declined 28% in three months. The smallcap has dropped 46% on a year-to-date (YTD) b...