The stock hit the upper circuit on Monday, October 20. Rising 5 percent, the company's share price reached ₹42.88 on the Bombay Stock Exchange. This marks price increases in six out of the last seven trading sessions. As a result, the stock has gained 18.6 percent in the previous seven sessions. Shares of Spice Lounge Food Works Limited continue to rise steadily now.
Recently, the company informed about a board of directors meeting in a stock exchange filing. Spice Lounge Food Works Limited's board of directors meeting will be held on Thursday, October 23. Acquisition-related decisions may be taken there. Spice Lounge has proposals to acquire multiple companies. The board of directors meeting will be held to discuss these matters. The stock has seen continuous growth since this matter came to light. However, Spice Lounge has not disclosed which company will be addressed for acquisition or what acquisition proposals are on the table.
Not just in the last seven trading sessions. The stock's price has increased by nearly 7 percent in the past month. It has grown by more than 17 percent in the last three months. In the past 6 months, this stock's price has increased by 340 percent. Investors have received 790 percent returns from this stock in the past year. Investors have received 3,565 percent returns from this stock over the past five years. This means those who invested ₹1 lakh in this stock five years ago are now getting returns of nearly ₹36 lakh.
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