3 weeks ago
Spice Lounge Food Works surges 10% on ₹21 crore order
A company called Spice Lounge Food Works runs restaurants and puts on live events.
People buy and sell pieces of companies, called shares, to make money.
On Wednesday, the price of this company's shares jumped a lot.
That is called hitting the 'upper circuit,' which means the price went up as much as it is allowed to in one day.
The price went up because the company got a big new job worth more than ₹21 crore from another company called Xora World.
The job is to help organize live events and entertainment shows.
The company is also opening more restaurants under its brand WingZone.
The good business news made many people want to buy the shares.
Its shares have gone up a lot over the last month, even though they have lost value this year.
The company's leaders will meet soon to share how the business is doing.
Spice Lounge Food Works share price hit a 10% upper circuit on Wednesday despite weak sentiment on Dalal Street.
The stock opened at ₹26.67 against the previous close of ₹25.39 and touched an intraday high of ₹27.92 on 12 August.
The company secured a new order worth over ₹21 crore from Xora World for live events and entertainment-related activities.
The board will meet on Friday, 14 August to consider financial results for the quarter ending 30 June 2026.
The stock has gained over 12% in a week and 14.43% in a month, but is down 26% on a year-to-date basis.
- Who
- Spice Lounge Food Works Limited, the small-cap company that secured the order, and Xora World, the client awarding the contract.
- What
- The company's stock surged to its 10% upper circuit after announcing a new order worth over ₹21 crore from Xora World.
- Where
- Dalal Street, the Indian stock market.
- When
- Wednesday, 12 August, during the trading session.
- Why
- Investors reacted positively to the ₹21 crore order for live events and the company's expansion plans in the entertainment and food space.
Key facts
- Company
- Spice Lounge Food Works Limited
- Share price move
- 10% upper circuit; intraday high of ₹27.92
- Opening price
- ₹26.67 (previous close ₹25.39)
- New order
- Over ₹21 crore from Xora World
- Order scope
- Live events and entertainment-related activities
- Board meeting
- Friday, 14 August - results for quarter ending 30 June 2026
- Stock returns
- +12% (week), +14.43% (month), -26% (YTD)
Quotes
Spice Lounge Food Works Limited
Company representative
“The new location will continue Wing Zone's bold, flavour‑first positioning with its signature wings, burgers, wraps, and value‑driven offerings, bringing the brand closer to South Bengaluru's growing student and residential community.”
livemint.com
“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 ₹21 crore.”
livemint.com
Sources
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