Large deal TCV saw a decent qoq rise to US$1.1bn v/s US$0.9bn in Q4FY18. However, we believe that the number is still small relative to its size and TCS' large deal wins (Infosys book to bill at 0.4 v/s ~1.0 for TCS). For the first time ever, Infosys is choosing growth over profitability, but frequent change in CEO/strategy would not translate into growth revival soon Stability' scenario to stay and Momentum and Accelerate' phase will take time. Maintain our SELL rating with a...