Maintain BUY with an increased TP of Rs 1,175 We attended L&T; Infotechs (LTI) Analyst Day, and reiterate our positive hypothesis (refer Initiation report). LTIs growth will be driven by (1) Scalability of its strong client portfolio (54 from Fortune-500, with addressability of ~USD 54bn across verticals), (2) New wins, with addition of 65 new logos (digital and enterprise solutions-led), (3) High client penetration in digital services (32% of rev), with an increasing deal size (>USD 1mn accounts expected to increase to 120 in a year from 99 currently), (4) Investments to augment S&M; and leadership in Europe, (5) Acquisitions supplementing capabilities (Augment IQ for IPs and Syncordis for core banking).