Infosys (INFO) reported 4.2% QoQ CC revenue growth in Q2FY19, well ahead of our and street estimates, supported by a broad-based uptick across verticals and geographies. The strong revenue beat made up for a miss on margins, while US$ 2bn+ in large deal wins during the quarter marks a record high. Revenue and EBIT margin guidance for FY19 stays intact. We upgrade the stock from ADD to BUY on higher growth visibility backed by impressive deal wins, and roll over to a revised Sep'19 target of Rs 820 (from Rs 750), set at 19x fwd P/E vs. 18x earlier....