Small-cap stock under Rs.50 hits 10% upper circuit despite weak trends on Dalal Street; here's why
New Delhi, Aug. 12 -- Spice Lounge Food Works share price surged as much as 10% upper circuit in Wednesday's trading session despite weak market sentiments on Dalal Street.
Small-cap stock Spice Lounge Food Works opened at Rs.26.67 apiece today, as compared to previous close of Rs.25.39 on Tuesday. The stock touched an intraday high of Rs.27.92 on 12 August.
In an exchange filing dated 12 August, Spice Lounge Food Works announced that the company announced that it has secured a new order worth Rs.21 crore from Xora World.
"Spice Lounge Food Works Limited has secured a note worthy order/contract from Xora World for live events and entertainment- related activities, with an aggregate order value exceeding Rs.21 crore," the company said....
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