steel wheels: Tailwinds are back! 4 smallcap stocks from auto ancillary space have an upside potential of up to 50%

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Synopsis

As the large auto companies make a comeback, even the auto ancillary stocks are coming back on the attention list. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

After facing rising input costs and supply chain disruption, the macro environment in which auto ancillaries companies operate has turned positive. Some of which are changing their business model to stay relevant in times of EV. Higher demand and lower raw material prices and renegotiated contracts with OEM are some of the tailwinds for some auto ancillary companies. Sometimes it is LCV and HCV which drives the demand, at other point time,

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