2nd Upper Circuit: Stock jumps 5% as board mulls buying stake in Blackstone Management; do you own?

Shares of a smallcap company today (October 29) 5 per cent to hit the upper circuit for second straight day. Today's buying came after the company announced an acquisition and evaluates buying a majority stake in Blackstone Management LLC. The name of the company under discussion here is Spice Lounge Food Works , which mainly deals in the food and restaurant industry. During Wednesday's trading session, the counter opened gap at Rs 49.30 -- up 3.75 from the previous close of Rs 47.52. It then rallied to hit the day's upper price band at Rs 49.89. Trading in the counter was halted thereafter. Today is the second consecutive day when the counter has touched the upper circuit. The stock, which is gaining for the last 9 consecutive trading sessions, is less than 3 per cent away from