While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction.

IT companies have, in recent times, re-invested gains arising from a weaker rupee.

Analysts say aggressive pricing by Pizza Hut signals weakening demand in the fast food segment and could intensify competition.

Anaysts recommend a 'buy' on Icra due to its positive outlook.

Anaysts recommend a 'buy' on Icra due to its positive outlook.

While TCS will see demand in the US and Europe, its local business is likely to be hit on poor IT spending.

Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.

Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.