Hem securties has initiated a coverage of the FMCG sector with a postive bias (read detiailed report).

It has recommended Dabur India with a target of Rs 110 in its September 23, 2008 research report. " We initiate a 'BUY' signal on the stock with a target price of Rs 110 in the medium term investment horizon expecting an appreciation of 25% from CMP of Rs 87," says Hem Securities' research report.