Parle Industries hits 5% upper circuit again as investors chase wrong Parle stock

Key points

• Shares of Parle Industries continued their sharp rally on Friday, hitting the upper circuit for the third consecutive trading session as the stock surge triggered by the viral Modi-Meloni “Melodi” moment refused to fade.
• Parle Industries shares climbed 4.90% to Rs 5.78 on Friday, close to their 52-week high of Rs 17.44 touched in May 2025. The company’s market capitalisation currently stands at around Rs 28.23 crore.
• Read Full Story The rally comes despite the fact that Parle Industries has no connection with Melody toffees, which became the centre of social media attention earlier this week.
• WHAT TRIGGERED THE 'PARLE' RALLY?
• The buzz began after Prime Minister Narendra Modi gifted Melody toffees to Italian Prime Minister Giorgia Meloni during his Italy visit.