BEML is the only listed player whose prospects remain strong led by Metro projects, mining, railways and defence orders
Mining equipment orders also slow but things could improve by second half of current financial year
The stock plunged 12% to Rs 900 on the BSE in intra-day trade on back of heavy volumes.
The stock was up 2% to Rs 971 on the BSE in early morning trade.
The stock rallied 8% to Rs 1,049 on the NSE on back of heavy volumes.