Fundamental Analysis is an integral part of investments. It is vital for capital market functioning. Much research are done regularly on stocks, bonds, Initial Public Offerings (IPOs), Follow of Public Offers (FPOs) and many other investment avenues through fundamental analysis. Researchers and analysts perform fundamental analysis of companies to estimate their current business performances and find out their intrinsic value for identification of potential stocks for investment. Intrinsic values are the fundamental values of securities. The study entails to 'value' three of the best performing stocks under BANKEX1 and find out their intrinsic value. On getting the intrinsic value, it can be compared with the current market to verify the notion: Does Market appreciate it? Moreover, an attempt under this research report is made to forecast the future share price based on expected growth rate over a period of time. Once, these tasks are done, recommendation can be made on these stocks with regard to probability of target price and risks or deviations associated with it.