Ace Investment Advisory's Hot Stocks for The Day 19.08.2015

APLLTD @ 736.25

Buy APLLTD above 736.25 with strict stoploss below 727 for intraday targets 741/747/753.

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PSU Bank Index Rallies 16% in Five Days. Should You Buy?

Sharemasterindia.com: Shares of state-run banks extended their winning streak to a fifth straight day; the CNX PSU Bank index has now gained over 16 per cent in five days, significantly outperforming the broader Nifty, which is up nearly 2.5 per cent during the same period.

The rally in state-run banks has been attributed to the government's announcement to infuse capital worth Rs 70,000 crore over four years. Among individual stocks, Bank of Baroda has been among the biggest winner; shares in India's second-biggest state-run lender by assets have jumped 25 per cent in five sessions as its management forecast growth in troubled loans to slow in the coming quarters.

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