Spice Islands Industries Ltd. Hits Upper Circuit on BSE, 28 October 2026

Spice Islands Industries Ltd. reached the upper circuit on BSE on 28 October 2026 at Rs 137.67, a 5% rise on the previous close of Rs 131.12. That move equals the full band for the session, and the Spice Islands Industries upper circuit left the stock locked at the top of it when the data was captured.

The textile company's market cap stood at Rs 408.66 crore. How a band hit reads depends on a stock's longer price history, so the figures below stay with what the session itself shows.

Key Takeaways

• Spice Islands Industries Ltd. (SPICEISLIN) hit the upper circuit on BSE at Rs 137.67 on 28 October 2026.
• The session move was +5% against a previous close of Rs 131.12.
• Market capitalisation stood at Rs 408.66 crore with a PE ratio of 60.75.
• No official company announcement or verified catalyst was confirmed at the time of writing.
• A price band is an exchange trading rule, not a view on the company or a recommendation.

Key Market Data

Metric	Value
Stock	Spice Islands Industries Ltd.
Current Price / LTP	Rs 137.67
Day Move	5%
Previous Close	Rs 131.12
Day Open	Rs 133
Day High	Rs 137.67
Day Low	Rs 132.75
Upper Circuit Price	Rs 137.67
Upper Circuit Limit	Rs 137.67
Market Cap	Rs 408.66 crore
Selected Exchange	BSE
PE Ratio	60.75

All figures above are as of 28 October 2026, sourced from Univest market data for the BSE listing. Only fields present in the source for this session are shown.

Price Action and Trading Activity

The stock opened at Rs 133 on BSE, ahead of the previous close of Rs 131.12, with a low of Rs 132.75 and a high of Rs 137.67, which is also the band price. The gain of Rs 6.55 works out to 5%, and the stock was holding at that ceiling when the data was captured.

Figures are drawn from BSE alone for consistency. Bands, ranges and previous-close levels can vary from one exchange to the next, so both the event table and this text keep to one venue. The session limit was Rs 137.67, the level the price reached.

Why Spice Islands Industries Ltd. Hit Upper Circuit

Buying interest drove Spice Islands Industries Ltd. into the edge of its exchange price band, which is where the upper circuit applied. Neither an official company announcement nor a verified outside catalyst had been confirmed when this was written, leaving price action and market sentiment as the only reading of the move.

Earnings, corporate action, sector news and rumours are not named as causes. A confirmed development, if one comes, would appear in a separate update.

The session reached Rs 137.67, the upper circuit level.

What the Spice Islands Industries Upper Circuit Means

A band hit means something different depending on a stock's longer trend, and an upper circuit alone cannot place it. What it does show is the ceiling the exchange allowed for the session, which for Spice Islands Industries Ltd. was Rs 137.67 on 28 October 2026.

The rule exists to temper sharp swings and keep trading orderly, and it makes no statement about future returns.

Spice Islands Industries Ltd. Fundamentals and Valuation

Reported figures give context for the price move. On the numbers, Spice Islands Industries Ltd. trades on a PE ratio of 60.75 and a PB ratio of 26.5, against book value of Rs 4.95, EPS of 2.16 and a market cap of Rs 408.66 crore. These are reported indicators, not a buy, sell or hold view.

Book value per share is small next to the share price, which is why the PB ratio of 26.5 is so high. Premiums of that size can come from growth expectations, asset quality, or limited liquidity in a smaller stock, and the data cannot say which applies here. The company is classed in the textile sector.

A sharp one-day gain gets attention, yet valuation and return measures call for their own examination.

Peer and Sector Context

Spice Islands Industries Ltd. belongs to the Textile industry. The peer table below uses available companies from the same sector or industry to give broader valuation context.

Peer Company	Market Cap	PE	PB	ROE
Sangam (India) Ltd.	Rs 2931.38 crore	24.13	2.62	7.93%
Sportking India Ltd.	Rs 2655.8 crore	16.43	2.23	11.28%
Kewal Kiran Clothing Ltd.	Rs 2594.11 crore	17.52	2.69	17.33%
Kitex Garments Ltd.	Rs 2249.36 crore	-	2.22	-1.28%
S.P. Apparels Ltd.	Rs 2092.06 crore	19.85	2.16	11.22%

A dash in the PE column means no PE ratio was carried for that company in the source data, which happens when reported earnings are negative or have not been refreshed. Those companies are left out of the average below rather than counted as zero.

Several of these peers are far larger by market capitalisation than Spice Islands Industries Ltd. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.

Spice Islands Industries Ltd.'s PE ratio was 60.75, compared with an available peer PE average of 19.48, calculated from the 4 peer companies that had a PE on record. This comparison is a valuation reference point, not a recommendation.

Technical Snapshot

The technical snapshot adds context: RSI was 72.96, the 50-day moving average was 104.02 and the 200-day moving average was 86.41.

What Readers Should Know

Spice Islands Industries Ltd. is confirmed to have hit the upper circuit on BSE at Rs 137.67 on 28 October 2026, a 5% gain on the day, and little beyond that is confirmed.

Two cautions apply. A quote sitting at the band does not guarantee a fill, because buyers are queued and sellers are scarce. And no official catalyst had been confirmed when this was written.

Take the event as a market update rather than a verdict. Strong near-term interest is visible in a locked band; business fundamentals, valuation, liquidity, risk and confirmed company disclosures need review on their own.

Frequently Asked Questions

Why did Spice Islands Industries Ltd. hit upper circuit on 28 October 2026?

The stock reached its upper price band after buying interest during the session. No official company announcement or verified external catalyst was confirmed at the time of writing.

What was SPICEISLIN share price on 28 October 2026?

The last traded price used in this article was Rs 137.67 on BSE. That price matched the upper circuit price captured for the event.

What was the upper circuit price for SPICEISLIN?

The upper circuit price was Rs 137.67. The stated exchange upper circuit limit was Rs 137.67. The event numbers in this article are aligned to BSE.

What is Spice Islands Industries Ltd.'s market cap and PE ratio?

Spice Islands Industries Ltd.'s market cap was Rs 408.66 crore. PE ratio was 60.75.

Which exchange and data source were used?

The selected exchange was BSE. The article uses Univest market data available at the time of generation, captured on 28 October 2026.

Does hitting an upper circuit mean Spice Islands Industries Ltd. is a buy or a sell?

No. A circuit is an exchange price-band rule that caps how far a stock can move in a single session. It carries no view on valuation or business quality and is not a recommendation. Any decision should rest on fundamentals, valuation, liquidity and your own risk tolerance.

Can you buy or sell Spice Islands Industries Ltd. shares when the stock is at the upper circuit?

It is usually difficult. At the upper circuit, buy orders queue up while sellers step back, so there may be no counterparty at the quoted price. Orders can stay unfilled until the band opens up or sellers return.

What happens the next trading session after an upper circuit?

There is no fixed outcome. The band resets each session, so the stock can open freely, hit the same band again, or reverse. The exchange can also revise the applicable band width. The useful signals to watch are whether the company files any disclosure explaining the move.

What is the upper circuit limit set at for Indian stocks?

Exchange price bands are commonly set at 2%, 5%, 10% or 20% depending on the security, and the applicable band can be revised by the exchange. For Spice Islands Industries Ltd. the stated limit was Rs 137.67. For this session, Spice Islands Industries Ltd. moved 5%.