New Delhi, July 4 -- HOAC Foods India share price has been locked in 2% upper circuit on Friday's session after the NSE SME stock has raised Rs.100 crore via its first-ever Qualified Institutional Placement (QIP). HOAC Foods India share price today opened at Rs.266.95 apiece on the NSE.

According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, this is a low-volume counter that has consistently hit upper circuits throughout the week, recording a weekly gain of around 18%. Due to the sharp and one-sided movement with low volumes, a meaningful technical view on such counters is not feasible.

The QIP, which commenced on June 30, 2025, and concluded on July 03, 2025, attracted considerable interest from investors, hi...