Modi gifts Parle's Melody to Meloni — but retail traders rally the wrong Parle

PM Modi's diplomatic gift of Melody toffee to Italian PM Meloni sparked a 5% upper circuit in Parle Industries, a real estate firm. The actual Melody owner — Parle Products — is unlisted. Mistaken-identity buying drove 8 lakh shares and a ₹5.25/share gain, exposing retail confusion around brand-stock linkage.

PM Modi's diplomatic gift of Melody toffee to Italian PM Meloni sparked a 5% upper circuit in Parle Industries, a real estate firm. The actual Melody owner — Pa

Hindustan Times · Business · 5/20/2026, 11:07:37 AM · Ask about this →

Parle Products + Hide & Seek + Mango Bite + Melody + Monaco + Parle-G + Parle Industries +