Parle Industries hits upper circuit amid ‘Melody’ confusion
Parle Industries shares surged 5% on Wednesday after a social media video showed Prime Minister Narendra Modi giving a 'Melody' toffee to his Italian counterpart, Giorgia Meloni. The stock's trading volume spiked significantly, exceeding its two-week average. This is not an isolated incident; similar mix-ups have occurred in the past with companies like LG Electronics India and Tata Motors, highlighting the potential for confusion among retail investors during market volatility.
20 MAY 2026
· THIS STORY — Economic Times
Parle Industries hits upper circuit amid ‘Melody’ confusion
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— Economic Times
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Parle Industries' stock price has surged by 21% since PM Modi's gift of "Melody" candies to the Italian Prime Minister.
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