BEML shares were facing selling pressure after quarterly results failed to impress the markets. BEML currently has support at Rs 3,145 and Rs 2,900.

BEML share price was trading lower before the quarterly results.

BEML share price jumped by 9.16 percent on Friday as investors are hoping for positive news for the Public Sector company in the Union Budget.

BEML share price closed one percent higher and touched an intraday high at Rs 3,581. The stock can go for bullish targets at Rs 3,800 and 3,900 if we see a close above Rs 3,580.

BEML share price tumbled in today's session as selling pressure continued on public sector stocks. BEML closed at Rs 3,670, declining nearly 3.2 percent.

MTNL, SBI and IREDA were trading positive on Monday. Indian markets opened flat on Monday and markets are looking for cues for next major move.