TTK Healthcare standalone net profit rises 9914.33% in the June 2022 quarter

Yes, that's the headline I read in news in this business article- https://www.business-standard.com/article/news-cm/ttk-healthcare-standalone-net-profit-rises-9914-33-in-the-june-2022-quarter-122072600623_1.html

Why would I not buy it by the afternoon? Well, there are two reasons-

Reason 1:

Reason 2: Upon studying the quarterly income statement, I figured that the profit has jumped only due to the inclusion of profit from "extra-ordinary items", which on further digging showed up that it is only from the sale of its Human Pharma Division to BSV Pharma Private Limited

Source: file:///C:/Users/Acer/Downloads/SEHPDUpdate09052022-1.pdf

Learning- Never get caught up by such news! I don't know why the share price should rise.