The incident took place on Saturday, when the two students were returning home after their examinations.
The two miscreants absconded after the incident.
The victims, students of Class XI of a local school, were immediately admitted in the district hospital where there are said to be a critical condition with injuries on their hands and faces.
Sub Divisional Officer of Police (SDOP) Bhagat Singh Gothria said a manhunt had been initiated to nab the motorcycle-borne men.
According to reports, the eyewitnesses said the attackers had also covered their number plate of the motorcycle.
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