Parle stocks' ‘melodious’ moment as stocks rise 5% after PM Modi gifts Melody to Meloni. But there is a twist
Parle stocks experienced a 5% increase after Prime Minister Modi gifted Melody toffees to Italian Prime Minister Meloni during his visit to Italy. However, the surge was attributed to Parle Industries, a different company, rather than the actual manufacturer of the toffees, Parle Products. This mix-up highlights the impact of social media and public perception on stock market movements.
- ▪PM Modi gifted a pack of Melody toffees to Italian PM Giorgia Meloni during his visit to Italy.
- ▪The stock price of Parle Industries, a real estate company, rose by 5% due to the gift, despite it being the wrong Parle.
- ▪Parle Products, the actual manufacturer of Melody toffees, is not publicly listed on stock markets.
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Parle stocks' ‘melodious’ moment as stocks rise 5% after PM Modi gifts Melody to Meloni. But there is a twistAs PM Modi gifted a pack of Melody toffees to Italy's Meloni, the Parle stocks rallied, but it was the wrong Parle. Updated on: May 20, 2026 3:56 PM ISTEdited by Sana FaziliShare viaCopy link Prime Minister Narendra Modi, who is in Italy for an official trip, had an unusual gift for his Italian counterpart Giorgia Meloni – a pack of Melody toffees. And the news didn't just break the internet. They sent the stocks of Parle rallying. Track updates on Modi's Italy visitPrime Minister Narendra Modi with his Italian counterpart Giorgia Meloni during his official visit to Rome. (AFP)But here is the twist.
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