The stock of Bajaj Auto, the giant company of the auto sector, is witnessing a sharp decline on Thursday. After the release of the second quarter results, there was a huge sell-off in this stock today. The stock of this 2-wheeler and 3-wheeler manufacturing company has hit a lower circuit of 10% within the first 45 minutes today. This stock was witnessing a decline in the initial trading itself. Apart from Bajaj Auto, pressure is also being seen in other auto stocks included in Nifty50. The Nifty Auto Index has also slipped by more than 3%.

With this decline, Bajaj Auto is at the top of the list of Nifty's weakest stocks. The company's results in the September quarter have been as per estimates. In the second quarter, the company's income and EBITDA have been the highest compared to any quarter so far.

As of Wednesday, Bajaj Auto was the third best performing stock on Nifty so far this year. Only Trent and Mahindra & Mahindra are ahead of it. By Wednesday's closing, this stock has gained 73% in 2025. Opinion of brokerage firms after the results? Global brokerage firm Citi has set a target price of ₹ 7,800 per share with a Sell opinion on this stock after the results. The brokerage firm says that the company's outlook regarding festive demand has surprised us. The management said after the results that the volumes are only 1-2% higher than last year. In contrast, another brokerage firm Jefferies has set a target price of ₹ 13,400 per share with a Buy opinion on this stock. Jefferies said that the company's market share is increasing in the electric vehicle segment. CNG bike volume is also increasing and the company is expanding its capacity in Brazil. Along with all these factors, cyclical recovery in 2-wheeler demand and exports in India will help Bajaj Auto to increase volume. The company can show growth at 14% CAGR during 2024-27. CLSA has set a target price of ₹ 9,493 per share on Bajaj Auto in its note, keeping an opinion of Underperform. This brokerage firm says that volume recovery is being seen due to small base in exports. This stock is trading at 33x EPS for FY26. At the same time, Goldman Sachs said that the company's results in the second quarter were as per estimates. The visibility of EV launch and normal growth in ICE motorcycles will benefit. This brokerage firm has set a target of ₹ 12,000 per share with a Neutral opinion on the stock.