Mumbai, April 29 -- In the fourth quarter, TVS Motor made significant strides in enhancing margins and profitability, prompting several brokerages to raise their target prices on the stock. However, some concerns linger, particularly around the demand outlook and the increasing competition in the electric two-wheeler space.

According to a domestic brokerage, the company's EBITDA fell slightly short of expectations due to lower-than-anticipated benefits from the Production Linked Incentive (PLI) scheme. Nonetheless, the firm noted that TVS remains well-positioned to benefit from PLI going forward and is likely to see market share gains in both domestic and international markets.

The brokerage expects margin expansion driven by improved p...