Strong order book, robust growth across segments, new deals and acquisition should drive growth in upcoming quarters. However, we expect margins to remain under pressure, with expenses expected to rise in the near-term. Given limited upside potential, we retain our HOLD rating with a revised TP of Rs. 610 based on 26x FY23E EPS. Robust topline driven by growth across verticals During Q1FY22, revenue rose 22.4% YoY to Rs. 18,252cr (+12.0% QoQ CC basis) due to increase in demand and volumes across all major segments. BFSI (incl. Capco)...