Havells India Ltd. was quoting considerably above its intrinsic value(MRP) in March and December 2007. As the markets crashed in 2008, Havells price also dropped and within a few months, Havells was quoting below its attractive buy price. Havells India is a fundamentally strong company and as the graph suggests, the intrinsic value of Havells was much higher than its actual price during this period.

1. Havells India Ltd
 November 2009 : Featured in our '5 stocks below Discount' list quoting@ Rs. 165/-
 July 2011: Quoting at Rs. 388/-
 Returns earned : 135% in less than 2 years which is equal to a CAGR of 58%

2. Havells India Ltd. was quoting considerably above its intrinsic value(MRP) in March and December 2007. As the markets crashed in 2008, Havells price also dropped and
within a few months, Havells was quoting below its attractive buy price. Havells India is a fundamentally strong company and as the graph suggests, the intrinsic value of
Havells was much higher than its actual price during this period.
Hence, we included Havells as a part of our first list of '5 Stocks below Discount Price' given out in November 2009, to give our subscribers a good starting point to invest.
Our valuation model is based on principles of Value Investing, followed by some of the greatest investors of all time. These principles are:
1. Buy a fundamentally strong company
2. Buy it at 50% discount to its intrinsic value (MRP) and sell above the intrinsic value(MRP).

3. Havells India's price then was Rs.165. The Sensex was close to 16,000 at this time.Since, then Havells has gone up considerably and reached Rs. 388 in July 2011, giving
135% returns in less than 2 years which is equal to a CAGR of 58% !! Thus, opportunities to buy fundamentally strong companies at bargain prices always exist in the market.
MoneyWorks4me helps you identify these opportunities and earn handsome returns at minimal risk. !
We give you the intrinsic value and attractive buy prices for all listed companies worth valuing. This prompted us to move to the next step i.e find the intrinsic value of the
Sensex. Since Sensex comprises of some of the top companies in the country, one can expect them to trade close to their intrinsic value. However, there have been quite a
few opportunities when irrationality has led to Sensex quoting considerably above or below its intrinsic value. The graph below tells you how our model helps you benefit from
this irrational behaviour, for the Sensex companies as well. To read the full report click here