Clarity emerges on possible winners of EV transformation: 6 auto ancillary stocks, 5 with upside potential up to 47%

The volatility in today’s trading session might again spark fears and shift the focus to short-term price action. However, this short-term movement of the Nifty could be a result of the expiry of the March series contract in the derivative segment. So, ask yourself a question: Does what is happening to the Nifty matter to the bottom line of an auto ancillary company whose product has just been accepted by an auto major for a new EV model to be launched in August, ahead of the festive season? The obvious answer is, no.