Multibagger Alert: Spice Lounge Food Works Share Price Surges Nearly 900% in a Year, Hits Upper Circuit

Wednesday, 03 December 2025: The share price of Spice Lounge Food Works (formerly known as Shalimar Agencies Ltd) has surged nearly 900% in the past one year. The stock climbed 4.99% today and ended at ₹50.47 (+₹ 2.40 from the previous close). The stock reached the upper circuit soon after the trading began on Wednesday. The surge comes even after a recent bit of volatility and a seven-session losing streak. The company operates in primarily two sectors: food and restaurants, and IT services and outsourcing. 

Significant Yearly Gain

The stock has surged rapidly in the past one year. Even though the stock has surged merely 5.15% in the past three months, the 6-month rise is close to 131% and the YTD return is close to 850%. 

Robust Financial Peformance

The recent surge can be attributed to the financial performance, especially in the past couple of quarters. As per the company’s filings, the company reported 310% jump in net profit (quarter to quarter) and a 157% rise in net sales which reached to ₹46.21 crore. For the first half of FY26, net sales surged 337 % to ₹78.50 crore, while net profit grew 169 % compared to H1 FY25.

Stock Price Movement

As underlined, the stock closed at ₹50.47 (4.99% higher from the previous day’s closing). The traded volume was also higher than usual (more than 5.16 lakh shares were traded). With today’s surge, the share has moved closer to the 52-week high of ₹72.20 and is comfortably over the 52-week low of ₹5.32 per share (the high-low range of past year showing the growth and volatility of the scrip). The company’s PE ratio is 668.71 compared to the industrial average of 26.21, making it an extremely volatile (risky) bid.

Due to the consistent interest by investors in the past few months, the trading volume of the small-scale share has been higher than usual. The exceptional quarterly and half yearly results posted by the company have further enhanced investors’ interest in the scrip. However, multibaggers having high PE ratio can be quite risky to invest, especially in an adverse (bearish) market condition. 

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