Rail Vikas Nigam order cancelled by East Coast Railway

East Coast Railway cancelled the video surveillance order of Rail Vikas Nigam Limited by mutual consent. The stock trades at Rs 197 with support near Rs 195. Rail Vikas Nigam Limited [

] shares fell 2.36% to Rs 197.00 on 1 Oct 2026 today it close with the marginal loss of 0.03%. East Coast Railway has cancelled a video surveillance order that the company had won. The company had received a letter of award from East Coast Railway for the supply, installation, testing and commissioning of an IP-based video surveillance system for the railway's rolling stock. The order was cancelled by mutual consent and without any financial repercussions. The lack of financial repercussions limits the direct damage. The order value is not stated here, so the effect on the order book cannot be measured. The major trend remains down on the daily chart. The RSI reads 37.06, below the midpoint, which points to weak momentum. It does not show that selling is over, and the fall cannot be tied to this news alone. Rs 195 is the key support. A fall below it would put lower levels in view. On the upside, the Rs 210 to Rs 215 zone is the resistance. A move above this zone would bring a recovery attempt into focus. Neutral stance while price trades between Rs 195 and Rs 215. Disclaimer & Disclouser : I do not hold any position in it. This post is not a recommendation to buy, sell or hold. Investments in securities markets are subject to market risks. Please read all related documents carefully and consult your own advisor before investing.