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Picked wrong Melody? Parle Industries shares hit 5% upper circuit for 3rd day

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Picked wrong Melody? Parle Industries shares hit 5% upper circuit for 3rd day
While William Shakespeare in his poetic verse wrote “What’s in a name”, markets seem to prove that “Everything is in the name”. The shares of infrastructure and real estate company Parle Industries jumped another 5% on Friday, hitting the upper circuit for the third consecutive session after Prime Minister Narendra Modi gifted his Italian peer Giorgia Meloni a bag of ‘Melody’ toffees, made by the unlisted FMCG company Parle Products.

During his visit to Italy, PM Modi gifted a bag of candies to his Italian counterpart. The Italian PM shared a video of their interaction on social media, which has now gone viral. In the video, she described it as a “very, very good toffee.” While social media went into a frenzy over PM Modi gifting PM Meloni a bag of ‘Melody’, investors sweetened the wrong ‘Parle’ stock.

Mumbai-based Parle Industries is associated with developing infrastructure and real estate projects, along with managing paper waste recycling operations. The company has no connection with its namesake Parle Products, which makes the popular Parle-G biscuits and other products, including the melody toffee.Parle Products is one of India’s oldest consumer goods companies. The viral moment also spilt into corporate branding campaigns, with Air India posting on X, “Some places don’t need introductions, just the right melody,” underscoring how the Modi-Meloni Melody exchange quickly evolved from a diplomatic gesture into a marketing moment for Indian brands.


In an interview with CNBC-TV18, Parle Products Vice President Mayank Shah said that Melody is already exported and available in 100 countries. He added that PM Modi’s gesture was a nice way of pushing Indian products and giving a global stage.
The Melody moment also came at a time when there were speculations that Parle Products was in early-stage talks for a potential initial public offering. Modi’s Meloni gift could have been a great global roadshow before aiming for D-Street entry. However, Parle Products management told CNBC-TV18 that it is not considering listing on exchanges right now.

Parle Industries share price

Parle Industries shares jumped 5% to Rs 5.78 apiece on BSE on Friday to hit the upper circuit for the third consecutive session. The microcap company has seen its share price rally 16% in just three sessions after the viral ‘Melody’ moment.

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The company currently has a market capitalisation of more than Rs 28 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Laura Pomfret – CCJs, decrees and unpaid court debts

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Laura Pomfret in the Morning Live studio

On Friday 22nd of May, Laura Pomfret joined Morning Live to talk about the rise of County Court Judgments (CCJs) across the UK, known as decrees in Scotland, which are issued to individuals who fail to repay money they owe.

Laura explains why the number of CCJs has increased, what your options are if you receive one, and advice on how to avoid an unpaid debt becoming a court case.

To find the steps and court forms involved in asking a court to vary the terms of a CCJ or decree, such as requesting to pay in instalments, or even how to get a judgment cancelled, you can click on the links below.

For England, Wales and Northern Ireland you can click here., external

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For Scotland you can click here., external

Laura also mentioned temporary protection from your creditors while you get debt advice and make a plan.

In England and Wales this is called Breathing Space, and you can find information on that by clicking here., external

In Scotland this is called a moratorium, and you can find more information on that here., external

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UK retail sales drop by most in nearly a year as drivers buy less fuel

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UK retail sales drop by most in nearly a year as drivers buy less fuel


UK retail sales drop by most in nearly a year as drivers buy less fuel

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abrdn Short Duration High Yield Municipal Fund Q1 2026 Commentary

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Diamond Hill Long-Short Strategy Q1 2026 Commentary (DHLSX)

abrdn Short Duration High Yield Municipal Fund Q1 2026 Commentary

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Fed Minutes Reveal Support for Rate Hikes if Inflation Proves Persistent

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Fed Minutes Reveal Support for Rate Hikes if Inflation Proves Persistent

Federal Reserve officials all but retired the question that had dominated their debates for the past two years—whether to cut interest rates—and began more seriously at their meeting last month to weigh the opposite: whether to raise them.

“A majority of participants highlighted…that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%,” according to the minutes of the April policy meeting, released Wednesday.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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WA consortium buys planned $500m energy project

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WA consortium buys planned $500m energy project

A group of WA industry professionals has bought ownership of what is shaping up to be the state’s largest battery energy storage system (BESS) at Kemerton from its Chinese owner.

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Rahul Shah bullish on pharma, sees Sun Pharma and Aurobindo as key large-cap plays

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Rahul Shah bullish on pharma, sees Sun Pharma and Aurobindo as key large-cap plays
Consumption trends in India’s equity markets continue to show a mixed but gradually improving picture, with investors increasingly becoming selective across consumer-facing sectors. While quick service restaurants (QSR) continue to face pressure, premium retail and select FMCG-linked businesses are showing stronger resilience and visibility.

Speaking to ET Now, market expert Rahul Shah from MOFSL said that Page Industries stands out as one of the strongest recovery stories within the consumer space. He highlighted improving growth momentum and positive management commentary, pointing out that “strong performance, upbeat on the sales part, 11% quarter-on-quarter growth, and we believe that after a long time we have seen this kind of growth coming back in Page.” He also noted that earnings estimates have been revised upward and that the company’s product expansion through digital platforms and retail channels is supporting visibility. According to him, Page Industries offers rare double-digit growth visibility in a volatile market and remains reasonably valued given its long-term growth outlook.

On other consumer names such as Nykaa and Honasa, Shah adopted a more cautious stance. He said Nykaa was largely in line with expectations and while the numbers were stable, “I feel that there is limited upside on the stock,” indicating that major re-rating potential may be capped in the near term. Honasa too was seen as largely aligned with expectations without strong immediate triggers for upside.

On broader consumption strategy, Shah suggested a balanced portfolio approach combining select FMCG names with premium consumption plays. He emphasized Marico as a consistent performer in the FMCG space, stating that it continues to stand out due to market share strength, product launches, and earnings sustainability. Along with Page Industries, he sees FMCG leaders like Marico as key anchors for playing the consumption theme in the current market environment.

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In the insurance space, Shah reiterated the importance of maintaining sector allocation in portfolios. While acknowledging strong numbers from LIC, including growth in value of new business margins and annual premium equivalent, he expressed a preference for Max Financial Services within the space. He highlighted strong margins, robust growth, and expanding distribution channels beyond banks, noting that “Max remains our preferred bet and we see 20% upside in it.” At the same time, he indicated that LIC could act as a rerating candidate given improving sentiment and market positioning.


On the pharma sector, Shah observed that the space continues to outperform broader markets, supported by global uncertainty and defensive positioning. He noted that the Nifty Pharma index is at a 52-week high and highlighted strong performance from Sun Pharma and Aurobindo Pharma. While acknowledging that Cipla and Dr Reddy’s delivered weaker results, he maintained a constructive outlook on large-cap pharma, suggesting that Sun Pharma remains a key stock to watch, especially after its earnings, while Aurobindo Pharma also looks attractive after meeting street expectations.
Overall, the market narrative continues to shift towards selective consumption recovery, steady pharma strength, and insurance-driven defensive growth. With earnings visibility diverging across companies, investors are increasingly focusing on stock-specific opportunities rather than broad sector bets.

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Oil Falls On Renewed Hopes for U.S.-Iran Deal

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Oil Falls On Renewed Hopes for U.S.-Iran Deal

1506 ET – Oil futures post back-to-back losses as President Trump says the U.S. is in the final stages of negotiations with Iran, raising hopes of a deal to end the conflict and reopen the Strait of Hormuz. Still, Trump adds that failure to reach a deal meant a resumption of military action. “Typical Trump style, but the market is buying into the possibilities,” says Mizuho’s Robert Yawger in a note. Hopes for an agreement led the market to overlook a bullish EIA inventory report showing U.S. commercial crude stocks down by 7.9 million barrels last week, although distillate stocks rose for a second straight week. WTI settles down 5.7% at $98.26 a barrel and Brent falls 5.6% to $105.02.(anthony.harrup@wsj.com)

Oil Futures Extend Losses on Hopes for U.S.-Iran Deal

1235 ET – Oil futures extend losses as the market focuses on hopes for a deal to end the U.S.-Iran conflict and reopen the Strait of Hormuz. The fact prices could fall further following a bullish U.S. crude stock drawdown for last week “tells me it’s more likely than not some kind of negotiation is happening,” says BOK Financial’s BOKF -0.17%decrease; red down pointing triangle Dennis Kissler. “The market is anticipating some sort of agreement.” The EIA reported a 7.9 million barrel decline in commercial crude stocks, along with a 9.9 million barrel release from the Strategic Petroleum Reserve. WTI is off 5.2% at $98.75 a barrel and Brent falls 5.5% to $105.16 a barrel. (anthony.harrup@wsj.com)

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Goldman Sachs reinstates Ageas stock coverage with neutral rating

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Goldman Sachs reinstates Ageas stock coverage with neutral rating

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Jailed tycoon's Birkin bags sell for over half a million dollars

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Jailed tycoon's Birkin bags sell for over half a million dollars

The luxury handbags sold in a government auction in Ho Chi Minh.

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Trump Invests $1M-$5M in Kura Sushi USA Chain With 27 California Locations

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Japanese restaurant chain Kura Sushi plans to install cameras above its conveyor belts to monitor customers

NEW YORK — President Donald Trump purchased between $1 million and $5 million worth of shares in Kura Sushi USA Inc. on Feb. 2, 2026, according to financial disclosures released on May 14, 2026.

Kura Sushi USA operates the Kura Revolving Sushi Bar chain, known for its conveyor-belt system that delivers sushi plates to customers. The company is the U.S. subsidiary of Japan’s Kura Sushi Inc. and is listed on Nasdaq under the ticker KRUS.

The investment was part of a broader portfolio of stock trades executed in the first quarter of 2026. Trump’s disclosures also included significant positions in major technology companies such as Nvidia, Amazon and Apple, with total trades estimated between $220 million and $750 million during the period.

Kura Sushi USA had 27 locations in California as of May 2026, with additional sites in other states. Northern California restaurants include locations in San Francisco’s Stonestown Galleria, Cupertino and Berkeley. The chain has expanded using automation and technology to enhance the dining experience.

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Shares of Kura Sushi USA rose following the disclosure of Trump’s stake. The stock gained more than 6% on the day the filing became public, with the Japanese parent company also seeing gains of up to 5.4%.

Trump has publicly expressed dislike for raw fish and sushi in the past. Despite this, the investment proceeded through third-party financial advisers managing his portfolio. A spokesperson for the Trump Organization stated that neither Trump nor his family members participate directly in day-to-day investment decisions.

Kura Sushi USA focuses on fresh ingredients prepared without artificial additives, following the Japanese parent company’s “muten” philosophy. The revolving sushi concept originated in Japan in 1977, and the U.S. operation has grown steadily since its establishment in 2008.

The company has outlined plans for further U.S. expansion, emphasizing technology and automation. It operates more than 90 locations nationwide as of May 2026, with additional sites in development.

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The disclosure comes from the U.S. Office of Government Ethics. Presidents are required to file periodic financial reports detailing assets, investments and transactions. The forms use ranges rather than exact figures for privacy and reporting purposes.

Kura Sushi USA shares a name similarity with some Japanese technology firms, leading to occasional confusion in market commentary, though the company is strictly a restaurant operator.

The investment has drawn attention due to Trump’s known preferences and the relatively small size compared to his other holdings. Analysts noted it as one of the more unusual entries in his first-quarter portfolio.

Kura Sushi USA reported steady growth prior to the disclosure. The chain emphasizes interactive dining with touch-screen ordering and plate-counting systems that reward customers. It has introduced promotions such as Hello Kitty collaborations to attract families and younger diners.

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The broader restaurant industry has faced challenges with labor costs and consumer spending, but conveyor-belt concepts have maintained appeal through efficiency and novelty. Kura Sushi continues opening new locations while refining its model.

No official comment from the White House addressed the specific investment in Kura Sushi. The Trump Organization maintains that all investments are handled independently to avoid conflicts of interest.

The disclosure reignited discussions about presidential investments and potential conflicts. Similar scrutiny has followed previous administrations regarding business holdings during terms in office.

Kura Sushi USA’s parent company in Japan holds a majority stake in the U.S. operation. The brand has expanded aggressively in the American market, targeting malls and urban centers with high foot traffic.

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Financial filings show Trump executed more than 3,700 trades in the first quarter through advisers. The portfolio mix includes technology, defense and other sectors alongside the restaurant investment.

Industry observers will monitor how the investment performs and whether it signals any broader interest in consumer or restaurant stocks. Kura Sushi USA continues normal operations across its California and national locations.

The company’s California presence includes both standalone restaurants and mall-based outlets. Popular items feature fresh tuna, salmon and specialty rolls delivered via the signature conveyor system.

This marks one of several notable investments disclosed in Trump’s latest ethics filing. The full document details assets and transactions required for transparency during his presidency.

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