Parle Industries shares hit upper circuit, but it has nothing do with PM Modi-Meloni's 'melody' moment

Shares of Parle Industries Ltd surged 5 per cent to lock in the upper circuit even as benchmark indices remained volatile. The counter opened in the red at Rs 4.95, down from the previous close of Rs 5 on the BSE. However, it picked up momentum after 12 noon, amid a spurt in trading volume of more than 3.06 times, and was locked in a 5 per cent upper circuit. This surge came after Italian Premier Giorgia Meloni shared a video in which she thanked Prime Minister Narendra Modi for gifting her 'Melody' toffees. Manufactured by Parle Products, it features a dual-layer design - a chewy caramel exterior with a rich, molten chocolate centre. Parle Products has no connection with the listed company, Parle Industries, whose stock witnessed strong buying interest.