New Delhi, Jan. 14 -- Smallcap multibagger stock Spice Lounge Food Works surged 5% upper circuit at Rs.34.56 apiece in Wednesday's trading session despite the market. Indian indices - Sensex and Nifty - opened slightly in the red on Wednesday, with the Sensex and Nifty easing amid a cautious investor mood.

The small-cap stock opened in red at Rs.31.28 in the early morning session on Wednesday; however, the stock pared losses, gained nearly 10% from the intraday low level.

In an exchange filing on January 12, Spice Lounge Food Works said that it has received a certificate from Aarthi Consultants Private Limited and confirmed that the certificates of equity shares received for dematerialisation were duly verified, mutilated, and cancelled...