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Written By DW
Last Modified: Thursday, 21 May 2026 (15:25 IST)

Modi's toffee gift to Meloni triggers stock movement, but there’s a twist

PM Modi gifts Melody toffees to Italy PM Giorgia Meloni
BY: DW
Publish: Thu, 21 May 2026 (15:25 IST) Updated: Thu, 21 May 2026 (15:27 IST)
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Shares of Parle Industries surged 5% on the Indian stock markets on Wednesday and Thursday, hitting the upper circuit, as Indian Investors responded to a viral exchange between Indian Prime Minister Narendra Modi and Italian Prime Minister Giorgio Meloni. 
 
In a light-hearted video, Meloni had thanked the Indian prime minister for gifting her a pack of chocolate toffees called "Melody," on Wednesday. 

 
It was a tongue-in-cheek reference to a recurring social media trend that pairs Modi and Meloni romantically, with the so-called couple name: "Melodi." 
 
The twist? Parle Industries has nothing to do with the chocolate toffee, which is produced by a privately held company named Parle Products.
 
The former is an infrastructure, real estate, and recycling company. While it was once promoted by the family that now produces the chocolates, it has long been run independently of them.
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