Investors mistake another company to be Melody toffee’s owning company:Invest heavily in Parle Industries; shares jump 5%

Investors in India mistook another company to be ‘Melody Toffee’s (that PM Modi gifted Italian PM Georgio Meloni) owning company. They invest heavily in the wrong company as its name was similar to that of ‘Melody Toffee’s owning company, Parle Products. The mistaken company is Parle Industries which is actually a real estate company. As a result, Parle Industries’ shares jumped 5% on the Bombay Stock Exchange (BSE) on Wednesday, 20 May, 2026. By 1 pm, the scrip rose to ₹5.25 apiece on the bourse and hit the upper circuit. Prime Minister Narendra Modi had arrived in Italy on Tuesday, the final leg of his five-nation tour. He was welcomed by Italian Prime Minister Giorgia Meloni, and presented her with a Melody toffee as a gift. Meloni shared a video of the moment on Instagram and wrote, “Thank you for the gift.” The wrong company! According to ‘Screener’, Parle Industries Ltd (formerly Parle Software Limited) is a publicly listed Indian small-cap company engaged in infrastructure, real estate development, waste management, and recycling. Originally an IT and software services firm founded in 1983, it has transitioned its core operations. Which company makes Melody toffee? Parle Products is the company (led by Vijay, Sharad and Raj Chauhan) that sells Melody toffee in India. It is also the owner of the brands like Parle-G, Mango Bite, Poppins, Kismi Toffee Bar, Monaco and Krack Jack. (This is a developing news)