Now the effect of Melody Toffee is visible in the stock market also. After the viral Melodi moment involving PM Narendra Modi and Italian Prime Minister Georgia Meloni, there was a strong rise in the shares of Parle Industries for the second consecutive day. The company’s shares reached the upper circuit of 5%.
In fact, the video of PM Modi gifting Melody toffee to Meloni went viral on social media, after which investors hastily started buying shares of Parle Industries. However, the real Melody toffee manufacturing company is Parle Products, which is not listed in the stock market.
name confusion
Parle Industries shares benefited from the confusion of this name in the market. Trading volume also increased manifold due to heavy buying. According to reports, the company’s shares closed on the upper circuit on Wednesday also. On the other hand, the demand for Melody toffee has also increased rapidly. This toffee has started getting out of stock on many quick commerce platforms.
Share of Parle Industries Ltd
Parle Industries Limited is a penny stock share, when Prime Minister Modi gifted Melody Toffee made by Parle Company to Italy’s Prime Minister Meloni, people started investing in the shares of Parle Industries due to confusion. Due to this, the shares of Parle Industries have hit upper circuit once again yesterday and today.
Till the closing of the market this afternoon, the company’s share is trading at Rs 5.51, today a rise of 4.95% was seen in the share of this company. Before this, 52 week high/low of Parle Industries share is Rs 17.4/4.11. Also, the market cap of the company is Rs 26.9 crore.
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