Parle Industries hits 5% upper circuit again on Modi-Meloni Melody mix-up
Shares of Parle Industries locked in 5% upper circuit for a second straight session at Rs 5.51, riding viral footage of PM Modi gifting Italian counterpart Meloni a Melody toffee. The catch: the listed company is unrelated to Parle Products, the actual Melody maker.
What happened
Parle Products · Parle Industries shares hit 5% upper circuit for second straight session after viral video of PM Modi gifting Italian PM Meloni a Melody
Key facts
- Rs 5.51
- 5%
- 10%
Why this matters
The episode underscores brand-name ambiguity risk in the Parle ecosystem and is worth flagging to Parle Products as a potential trigger for trademark clarification or a defensive communications push.