PM Modi's Gift to Italian PM Meloni Sparks Surge in Parle Industries Shares
How PM Modi’s Viral ‘Melodi’ Moment Boosted Parle’s Shares
Image: Times Now News
Shares of Parle Industries, the manufacturer of Melody toffees, surged by 5% following a light-hearted moment between Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni during their recent meeting. The incident, which quickly went viral on social media, has also contributed to a nearly 7% increase in the company's stock over the past week.
- 01Parle Industries' shares reached ₹5.25, hitting the 5% upper circuit limit on the Bombay Stock Exchange (BSE).
- 02The stock has increased nearly 7% over the past week, reflecting positive market sentiment.
- 03The friendly exchange between PM Modi and PM Meloni involved Modi gifting a packet of Melody toffees.
- 04Parle Products, founded in 1983, is headquartered in Mumbai and operates in various sectors including FMCG, infrastructure, and real estate.
- 05The hashtag 'Melodi' has become popular on social media, symbolizing the rapport between the two leaders.
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Shares of Parle Industries, known for its popular Melody toffees, experienced a significant boost following a friendly exchange between Indian Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni. During their recent meeting, Modi presented Meloni with a packet of Melody toffees, which sparked a viral moment on social media. As a result, Parle's shares rose by 5% during intraday trading on the Bombay Stock Exchange (BSE), reaching ₹5.25 per share, and marking an increase of nearly 7% over the past week. This surge reflects the positive market sentiment surrounding the company, which was originally incorporated in 1983 and has since expanded its operations beyond confectionery into sectors such as infrastructure and real estate. The hashtag “Melodi” has gained traction online, symbolizing the friendly rapport between Modi and Meloni during their interactions at various global events. The incident highlights the impact of personal diplomacy on market dynamics, as even light-hearted moments can influence investor sentiment and stock performance.
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The rise in Parle Industries' stock may lead to increased investor confidence and potential growth in the company's market presence.
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More about Parle Products
PM Modi's Gift to Meloni Sparks Global Buzz for Parle's Melody Toffees
The Economic Times • May 21, 2026

Confusión de acciones en la Bolsa de Bombay tras el regalo de Modi a Meloni
20minutos.es • May 20, 2026

Parle Products Celebrates Global Recognition of Melody Toffees Following PM Modi's Gesture
Deccan Herald • May 20, 2026
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