Melody effect: Wrong ‘Parle’ stock hits 5% upper circuit for 4th day, up 21% since PM Modi’s gift for Meloni

Parle Industries shares hit the 5% upper circuit for the fourth consecutive session amid speculation that investors are mistaking it for unlisted FMCG major Parle Products. The rally comes as social media discussions around PM Narendra Modi’s ‘Melody’ gift to Italy’s Giorgia Meloni fuel renewed attention on the Parle brand name.

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