Reliance Securities has reiterated 'Buy' on TVS Motor Company with a target price of Rs 295.

Commenting on the investment rationale, the stock broker said, ''Post Q4 result, the company's management guided of gaining 1.5% share in the domestic market and growth in exports by 30% in FY16E. We expect the company to post the fastest earnings growth amongst the listed two-wheeler players at 50% CAGR until FY17E.

We gain confidence from the success of its recent offerings strong new product pipeline. We expect the company to post a 12% CAGR in its domestic two-wheeler volumes and 22% CAGR in exports primarily driven by market share gains. We reiterate our Buy recommendation on the stock with a target price of Rs 295.''

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