We maintain BUY on ASBL with an increased TP of Rs 274/sh. ASBLs 2QFY18 net revenue declined ~14.5% YoY to Rs 3.8bn, owing to (1) Land compensation-related agitation on Eastern Peripheral project, and (2) GST negotiation with T&D; segment supplier chain. This resulted in Rs 2bn of execution miss. With these issues settling, execution has picked from Sep-2017.