BEML Stock witnessed selling pressure on Friday and the stock closed 6.45 percent lower. BEML is currently looking weak on technical charts but it could also take support from lower levels.
BEML share price jumped 2.8 percent on Friday amid overall weak trend in the markets. Many public sector stocks have witnessed a relief rally from the lows touched during March.
IREDA, RCF, BEML, NALCO, SAIL and REC were among major losers in the PSU segment. Indian markets were trading positive during the session's opening but soon drifted in the red.