Shares of small-cap stocks priced under Rs 50 rose by 5 percent to reach their upper circuit limit on Monday, October 13, 2025. This increase occurred despite a decline in the benchmark indices, Sensex and Nifty, which fell in early trading due to a significant drop in global markets following the U.S. announcement of an additional 100 percent tariff on Chinese goods, effective November 1.
The stock of Spice Lounge Food Works opened at Rs 38.69, up from its previous close of Rs 36.85, representing a 5 percent gain. However, it later retraced some of its gains and fell to a low of Rs 36.12. Most recently, the stock was trading at Rs 37.50, reflecting a gain of 1.76 percent, with a trading volume of approximately 38,953 shares at that time.
The stock has experienced gains for the last two days, rising a total of 2.91 percent during this time. Technically, it is trading above the 100-day and 200-day moving averages, but below the 5-day, 20-day, and 50-day moving averages.
According to BSE Analytics, the stock has provided an astonishing multibagger return of 3,062.39 percent over the past five years. The returns over the last three years, two years, and one year are 910.93 percent, 586.46 percent, and 666.05 percent, respectively.
The stock reached a 52-week high of Rs 50.94 and a 52-week low of Rs 4.83. The company’s market capitalization stood at Rs 2,579.35 crore.
In early trading, the 30-share BSE Sensex decreased by 451.82 points to 82,049. The 50-share NSE Nifty fell by 109.55 points to 25,175.80.
Among the laggards on the Sensex, Tata Motors, Bharat Electronics, Tata Steel, Infosys, NTPC, and Axis Bank were noted. Conversely, Asian Paints, Bharti Airtel, Maruti, and Eternal were among the gainers.
In the Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite Index, and Hong Kong’s Hang Seng Index were all trading sharply lower.
On Friday, U.S. markets closed significantly down, with the Nasdaq Composite dropping by 3.56 percent, the S&P 500 falling by 2.71 percent, and the Dow Jones Industrial Average decreasing by 1.90 percent.