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Parle Industries Shares Jump 5% After Modi-Meloni’s ‘Melody’ Moment, But There’s A Catch

| May 20, 2026, 08:39:56 PM | TOI.in
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Parle Industries shares hit the upper circuit limit and surged 5% on Tuesday amid online buzz around the viral “Melody” exchange between Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni during Modi’s Rome visit. The rally came despite Parle Industries having no connection to the Melody toffee brand, which is produced by Parle Products, the maker of Parle-G biscuits and confectionery items. Market activity appeared to be driven by speculation following the viral moment. Parle Products vice president Mayank Shah called PM Modi gifting Melody to Meloni a proud moment for the company and said it reflected the Prime Minister’s push for “swadeshi” brands on the global stage. Meloni had shared the gift on X, further fuelling the viral “Melodi” trend online.

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