R Subramanian (he/him)#Melodi Modi gifts Meloni a bag of Parle Melody toffees, leading to a spike in the share price of Parle Industries - which is not the company that makes the toffee.
(The toffee maker is privately held Parle Products.)
Parle Industries jumps 5% afte...
Parle Industries jumps 5% after Modi-Meloni Melody buzz, but there’s a catch
Social media buzz around PM Modi gifting Melody to Italy PM Giorgia Meloni appears to have sparked confusion among retail investors, sending Parle Industries shares sharply higher despite no business connection to the toffee brand. Parle Products is the firm producing the Melody toffee.