Esab India

Analysts say the reason lies in the differing styles of functioning of the multinational and the domestic company. Esab, foreseeing a slowdown, managed to cut down its costs and interest burden whereas Advani lost out on poor financial as well as marketing planning.

Similarly, the discounting of the scrips reflects the markets' varying confidence in the two companies. Advani Oerlikon gets a paltry discounting of less than 5 while that of Esab has a discounting of around 18.