Minda-Pricol deal puts focus on auto ancillary sector. 5 stocks from the pack that can rise up to 39%

Macro environment in which auto ancillaries companies operate have turned favourable after a long period of time. In the second half of 2018 it was the NBFC crisis which hit the growth of some segments of the automobile industry, which in turn led to slower demand for auto ancillary units. The lockdown during covid and finally there was a sharp spike in steel and other commodity prices. All this is behind now and Minda corp taking a stake in Pricol has brought the sector back to limelight. 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.