New Delhi, Dec. 4 -- Spice Lounge Food Works share price hit 5% upper circuit on Thursday, December 4, after the company announced that it has secured exclusive master franchise rights for WingZone.

The small-cap stock has opened at Rs.52.70 apiece on Thursday, as compared to the previous close of Rs.50.47 on Wednesday. Spice Lounge Food Works share price has given multibagger returns by surging over 137.62% in just six months, 454.29% in terms of year-to-date (YTD) and 896% in the last one year.

In a release dated December 4, the company announced that it has secured the exclusive Master Franchise rights for Wing Zone, an internationally recognised quick service restaurant (QSR) brand renowned for its chicken-based offerings and flavou...