New Delhi, July 1 -- Shares of HOAC Foods India were locked in the 5 percent upper circuit at Rs.244.45 on Tuesday, July 1, after the company officially opened its first Qualified Institutional Placement (QIP) issue on June 30, 2025. The stock's strong movement pushed it to a new 52-week high and marked a multibagger 133 percent surge from its 52-week low of Rs.105, hit in November 2024.

Incorporated in March 2018 and headquartered in New Delhi, HOAC Foods is known for its natural and high-quality food products under the brand name "HARIOM". The company's offerings include chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil. The opening of the QIP marked a significant milest...