Parle Industries shares surged 21%, hitting the 5% upper circuit for four consecutive sessions, as speculation links the rally to PM Modi's 'Melody' gift for Giorgia Meloni.
Parle Industries surged 21% in four upper circuits as retail confused it with FMCG brand Parle Products, sparked by PM Modi gifting Melody to Italy's PM Meloni. Name-confusion trade; Parle Products denied IPO plans, confirmed Melody exports to 100 countries.
Shares of Parle Industries have surged over 21% since the viral 'Melody' moment
May 25, 2026
01:18 pm
What's the storyShares of Parle Industries, a Mumbai-based infrastructure and real estate firm, have hit the 5% upper circuit for the fourth consecutive session today.
The rally comes amid speculation that investors are mistaking it for unlisted FMCG giant Parle Products.
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