As social media buzz around Prime Minister Narendra Modi’s ‘Melody’ gift to Italian counterpart Giorgia Meloni continues, investors appear to be sweetening the wrong stock. Shares of infrastructure and real estate firm Parle Industries hit the 5% upper circuit for the fourth straight session on Monday, amid possible confusion with the unlisted FMCG giant Parle Products.
During his recent visit to Italy, PM Modi gifted a bag of ‘Melody’ candies to his Italian peer. The Italian PM shared a video of their interaction on social media, which has now gone viral, over the gifting of candies that suggest a fun play on both the Prime Ministers’ surnames. In the video, she described it as a “very, very good toffee.”
