New Delhi, Oct. 20 -- The stock market often pays attention when a well-known investor buys a new stock. Ashish Kacholia's latest entry is no exception.

Kacholia bought shares of Ardee Industries before its initial public offering (IPO) at Rs.53 each. The company listed on 12 August 2026, opening at Rs.73.60 on the BSE. The early excitement has since faded. The stock traded around Rs.48 in early October, below both its listing price and IPO price.

The business, however, has grown quickly. Revenue more than doubled between the financial years ended March 2024 and March 2026. Profit also rose sharply.

But its latest results raised a question. Can Ardee maintain that growth without giving up the margins it has built?

According to Septemb...