If the below doesn't convince u that stock markets are irrational.  Then might as well stop investing

Shriram Transport Finance Shriram Transport Finance Company rallied 14% to Rs.1,071.25.  The company reported standalone net profit of Rs.143.90 crore for the quarter ended March 31, 2016, registering decline of 54.57% yoy and 61.63% qoq.
The stock is currently trading above its 50 DMA.

The scrip opened at Rs. 955 and has touched a high and low of Rs. 1082.2 and Rs. 955 respectively. So far 2525062(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 21408.4 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1017.35 on 14-Oct-2015 and a 52 week low of Rs. 736.5 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 998.4 and Rs. 928.25 respectively.
The promoters holding in the company stood at 26.05 % while Institutions and Non-Institutions held 26.19 % and 47.76 % respectively.
The stock is currently trading above its 50 DMA.