2W stocks under pressure:

BAJAJ-AUTO

Auto, Hero MotoCorp, and 2 others drop up to 42% from recent highs

Shares of two-wheeler majors have been under severe pressure in recent months, underperforming the market and sliding to levels not seen in a long time. This has raised investor concerns about a potential rebound in these stocks, as some are now trading at discounts of up to 42% from their peaks. Bajaj Auto, one of the leading 2- and 3-wheeler manufacturers, saw its shares tumble 42% from a peak of ₹12,774 per share to a 13-month low of ₹7,301 during Wednesday's trading session. The significant decline has also brought valuations back to historical averages, with the stock now trading at 21 times earnings, in line with its five-year average.