AFCOMs Q1 FY26 mirrors H2 FY25 performance setting tone for a strong year ahead
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Mint
2 hours ago
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₹1.12 to ₹38.72: Multibagger penny stock turns ₹1 lakh into ₹34.57 lakh in five years
Spice Lounge Food Works (formerly known as Shalimar Agencies), one of the country's fast-growing food and tech companies, has delivered handsome returns to Dalal Street investors, with its shares continuing to climb, breaking record highs, and emerging as one of the biggest wealth creators in the Indian stock market in recent times. The stock has been hitting upper circuit limits in recent months, causing the wealth of its shareholders to rise sharply, as the company is entirely owned by retail shareholders with zero per cent promoter stake, according to the latest data available on the BSE. Founded in 2019 in India, the company operates in India, the USA, and Canada. It holds exclusive franchise rights for global brands like Buffalo Wild Wings, Wingzone, eTouch, and TekSoft, and it owns four original brands—Blaze Kebabs, Xora, Salud, and Sunburn Union. Focused on innovation and quality, the company is rapidly expanding its global footprint, according to its website. It also provides computer and outsourcing services in the information technology sector, including data, voice, or video collection and processing, as well as call center services. Last week, the company informed the exchanges about its name change to Spice Lounge Food Works Limited from Shalimar Agencies, effective from today. From a trading price of ₹ 4.60 apiece one year ago, the stock has surged 741% to its current level of ₹ 38.72 apiece. Even during periods of sharp volatility in the small-cap segment, the stock did not lose momentum and continued to surge higher, resulting in a 1,043% jump over the last three years and 3,143% over the last five years, raising from ₹ 1.12 apiece. The stellar rise in the stock price has also pushed the company's market capitalization to ₹ 2,645 crore as of August 11. The company is expected to announce its June quarter numbers on August 14 (Thursday). It ended FY25 with a net profit of ₹ 6 crore on revenue of ₹ 105 crore. The massive rise in the share price over a short period has significantly boosted investor wealth. An investor who had put ₹ 1 lakh into the stock five years ago and held onto it would have seen its value grow to ₹ 34.57 lakh, highlighting the wealth-creating potential of the stock market when the right counters are chosen. Meanwhile, the stock has been trading on an ex-split basis in the ratio of 1:10 since March 2025. The above calculation does not factor in the post-split benefit.
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Business Standard
3 hours ago
- Business Standard
IHCL acquires 51% stake in Clarks Hotels & Resorts for ₹214 crore
Taj Hotels' parent and the hospitality arm of the Tata group, Indian Hotels Company Limited (IHCL), has acquired a 51 per cent equity stake in two companies operating 135 hotels under the Clarks Hotels & Resorts brand for Rs 214 crore, it said in an exchange filing late on Monday. The two companies are ANK Hotels Private Limited, which has a portfolio of 111 midscale hotels, and Pride Hospitality Private Limited, which operates 24 hotels across India. IHCL will acquire a majority shareholding in ANK Hotels for Rs 110 crore and in Pride Hospitality for Rs 94 crore. The transactions are expected to be completed by November this year. 'The transactions aim to address India's heterogeneous market landscape and provide deeper geographical penetration across India in the midscale segment while continuing to pursue its asset-light growth strategy,' IHCL said in its BSE filing on Monday evening. The announcement was made after market hours. India's largest hospitality firm by market capitalisation, at Rs 1.06 trillion, saw its shares rise by 1.65 per cent to close at Rs 746.65 on the BSE. ANK Hotels operates and manages properties under The Clarks Hotels & Resorts umbrella, which includes the Clarks Inn, Clarks Inn Suites, and Clarks Inn Premier brands. Of its 111 hotels, 67 are operational. The company reported a turnover of Rs 14.32 crore in FY25. Pride Hospitality manages Clarks Safari, Clarks Collection, and Clarks Resort, which also fall under The Clarks Hotels & Resorts portfolio. Of its 24 midscale hotels, 13 are operational. The company posted a turnover of Rs 18.94 crore in FY25. In addition, IHCL signed a distribution and marketing agreement with Brij Hospitality Private Limited, which has a portfolio of 19 hotels under the Brij brand, primarily across India.
Economic Times
3 hours ago
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Regaal Resources raises Rs 92 crore from anchor investors ahead of IPO
Regaal Resources raised ₹92 crore from anchor investors before its ₹306 crore IPO, opening Tuesday. The Bihar-based maize products maker allotted shares to domestic and overseas institutions at ₹102 each. Listing is set for August 20. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Regaal Resources has mobilised Rs 92 crore from anchor investors ahead of its IPO, which opens for public subscription on Tuesday. The Kolkata-based maize-based specialty products manufacturer informed the exchanges on Monday that it allotted 89,99,856 equity shares at Rs 102 apiece, including a share premium of Rs 97, to a clutch of institutional anchor book saw participation from a diverse mix of domestic and overseas institutions, including Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure, Universal Sompo General Insurance, Zeta Global Funds (OEIC) PCC, and several domestic alternative investment funds (AIFs).Regaal Resources operates from Kishanganj, Bihar, one of India's top three maize-growing states, and is among the country's top 10 maize milling companies by capacity, with an installed crushing capacity of 750 tonnes per portfolio includes native maize starch, modified starch, co-products such as gluten, and value-added products like maize flour, icing sugar, and baking Rs 306 crore IPO comprises a fresh issue and an offer for sale, with a price band set at Rs 96–102 per can bid for a minimum lot of 144 shares. Of the total issue, up to 50% is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs).The subscription window will close on Thursday. Tentative allotment is scheduled for August 18, with refunds and credit of shares to demat accounts on August 19. The stock is expected to list on both BSE and NSE on August 20. Pantomath Capital Advisors and Sumedha Fiscal Services are acting as the book-running lead managers to the issue.
