Larsen & Toubro Infotech's (LTI) Q3FY21 revenue growth of 5.3% QoQ in CC was slightly higher than our forecast. EBIT margin improvement of 76bps QoQ to 20.6%, at a new high, was a beat. Similarly, EPS of Rs29.7, +13.7%/+36.9% QoQ/YoY was a beat to our forecast. LTI has secured 2 large deals with net-new TCV of US$278 mn+. It has added 1 more Fortune 500 client taking the total to 69. LTI confirmed that the deal-pipeline remains strong. It expects the growth momentum to sustain in Q4 enabling it to deliver...