New Delhi, July 15 -- Small-cap FMCG stock Spice Lounge Food Works hit its upper circuit on the BSE on Wednesday, 15 July, a day after the company announced it had opened its first Wing Zone Outlet in Bengaluru.

Spice Lounge Food Works share price opened at Rs.25 against its previous close of Rs.24.16 and hit its 5% upper price band of Rs.25.36. The FMCG stock closed at this level.

In an exchange filing after market hours on 14 July, Spice Lounge Food Works said it has secured the exclusive master franchise rights for Wing Zone, the internationally recognised American quick service restaurant (QSR) brand renowned for its bold chicken flavours, signature sauces and premium-quality offerings.

Under this partnership, Spice Lounge Food Wor...