Small-cap FMCG stock Spice Lounge Food Works hits upper circuit after this business update

Small-cap FMCG stock Spice Lounge Food Works hit its 5% upper circuit on BSE on 15 July after announcing it had secured exclusive master franchise rights for American QSR brand Wing Zone in India and opened its first outlet in Koramangala, Bengaluru. The stock opened at ₹25 against previous close of ₹24.16 and closed at ₹25.36. The company plans to expand Wing Zone outlets to Hyderabad, Chennai and other major metropolitan cities in later phases.