ABB India's revenue grew by 17.4% YoY to Rs25.2bn in 1QCY18 led by better performance by Power Grids and Robotics & Motion divisions. While revenue from Industrial Automation marginally grew by 1.2% YoY, revenue from Electrification Products dipped by ~5.5% YoY. Its PAT grew by 13.9% YoY to Rs1.0bn owing to better operating performance despite reduced other income and higher tax outgo. Notably, correcting by ~20% in last 3 months, the stock now trades at attractive valuation. Hence, we change our recommendation to BUY from HOLD...