Private sector-led order inflow is a distant story; opening of closed markets like Iran are quite another. Yet ABB IN believes something might happen. True, at the current market price, the street is even willing to buy that. Take Q2CY16 results for instance. At a cursory glance, they are a beat. But then, the specifics tell something different. From a flagging book-bill ratio to heated competitive intensity for future prospects, it is all written on the wall. We continue our narrative: Even after penciling in stronger order inflows from transmission, transportation and renewable sectors, we see limited upside. Thereby, we continue to recommend SELL....