Wrong Parle stock hits upper circuit as PM Modi's 'Melody' gift to Meloni sparks frenzy

The shares of Parle Industries rose sharply and hit 5% upper circuit on Wednesday after Italian PM Giorgia Meloni shared a video showing PM Narendra Modi gifting her a packet of 'Melody' chocolates. Notably, Melody chocolates are manufactured by Parle Products, the unlisted company behind brands like Parle-G, Monaco and KrackJack. Parle Industries is an unrelated infrastructure company.