Parle Industries Shares Rise Due to Mistaken Identity

Shares of Parle Industries surged by 5% following widespread online attention related to a "Melody moment," despite the company having no business link to the confectionery brand Parle Products, which is unlisted.

20 May, 10:41 — 20 May, 10:41

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Times of IndiaMostly Factual23d ago

Case of mistaken identity? Parle Industries’ shares rise 5% after ‘Melody moment’

The widespread online attention surrounding the gift exchange seemingly led to speculative activity in the stock, despite there being no business link between the company and the confectionery brand. In fact, Parle Products is not a listed company.

By TOI BUSINESS DESK

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Parle Industries Shares Rise Due to Mistaken Identity

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Case of mistaken identity? Parle Industries’ shares rise 5% after ‘Melody moment’

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