Expanding margins and prospective deal wins should support company performance and help gain market share. We reiterate our BUY rating on the stock with a revised TP of Rs. 1,175 on 18x FY23E adj. EPS. Strong deal pipeline to help gain momentum Consolidated revenue for Q4FY21 rose 2.5% YoY to Rs. 9,730cr (+0.9% QoQ) mainly as BPO segment outperformed at a 28.6% YoY growth (flat QoQ) to Rs. 1,057cr. IT segment remained flat YoY at Rs. 8,673cr (+1.0% QoQ). In USD terms, BFSI (+10.3% YoY, +4.9% QoQ) and Technology segment (+27.8% YoY, +0.5% QoQ) outgrew with...