In Q3FY17, TECHM secured new deals with TCV of ~US$350 mn. It has now secured new deals with TCV of ~UD$975 mn in 9MFY17. Restructuring of LCC to be completed in two quarters and might see some revenue decline. We factor Q3FY17 beat and fine tune FY17/18 US$ revenue by 0.9%/0.4% and EPS by 3.4%/1.7%. We now forecast revenue (in US$) / EPS CAGR of 8.4%/4.7% over FY16-18E. With an 8% upside we upgrade the stock ACCUMULATE with new TP of Rs510 based on PER of 13x FY18E....