Pick Colgate Palmolive, prefer SAIL: Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "We have got Colgate Palmolive as one of our new picks. We have seen a huge, I know it is a contra call of sorts but the mood that seems to be prevailing, and a the lot of decision making on divesting unrelated assets and which could kind of help make some of these companies leaner and meaner is going to definitely happen. Here a PSU stock like Steel Authority of India could kind of rave itself up. So that could be a fairly surprise move of sorts in the April."Steel Authority of India closed at Rs 43.00, down Rs 0.50, or 1.15 percent. It has touched an intraday high of Rs 43.70 and an intraday low of Rs 42.60.