Investor Confusion Triggers Stock Surge for Parle Industries Following PM Modi’s Melody Toffee Mention
Market Volatility Driven by Brand Confusion Shares of the BSE-listed firm Parle Industries surged by 5% on Thursday, hitting the upper circuit limit, following a viral mention of ‘Melody’ toffees by Prime Minister Narendra Modi. Investors rushed to purchase the stock under the mistaken belief that the publicly traded company manufactured the iconic confectionery brand….