Read-through from Accenture's Q2FY20 (FY ending Aug'20) results for Indian IT: Possible downside risks to H1FY21 growth estimates at the least Accenture (Unrated; CMP US$151) reported its Q2FY20 (fiscal year ending Aug'20) results earlier today. While the stock has reacted positively to the results (stock up ~3% in trade today), we note that this comes after a 25%+ YTD correction in the stock, driven by Covid-19 led correction across global markets. The company has cut down its revenue growth guidance and earnings outlook for FY20, noting the uncertainties on demand emanating from the pandemic outbreak despite record...