Everything’s in a name: Parle Industries shares hit 5% upper circuit after PM Modi’s ‘Melody’ gift to Meloni

Shares of Parle Industries surged 5% and hit the upper circuit after Prime Minister Narendra Modi gifted Melody toffees to Italian Prime Minister Giorgia Meloni. This sparked social media attention, leading to speculative buying in Parle Industries, despite the candy being manufactured by Parle Products, a separate entity.