New Delhi, Jan. 2 -- Spice Lounge Food Works share price hit 5% upper circuit in Friday's trading session. The small-cap stock opened at Rs.37.58 apiece on January 2, as compared to the previous close of Rs.37.97. In the early hours of trading, the stock dipped 3.41% to touch an intraday low of Rs.36.30; however, the small-cap stock turned green, surging as much as 9.81% from intraday low levels on BSE.

The multibagger stock rallied likely due to heavy demand. According to data available on BSE, around 1.6 lakhs shares changed hands during the session on Friday.

On December 19, the company announced that it has acquired 100% stake in Singapore-based Prisha Infotech, for a total consideration of $1,50,000, marking a strategic expansion i...