This fund manager recently met the management of Dixon Tech and he's now betting big on it

About this update from Dixon Technologies (india) Ltd.

Conrad Saldanha, Managing Director and Portfolio Manager at Neuberger Berman, a New York-based fund that manages $558 billion, recently met with the management of Dixon Technologies and is convinced of the company's prospects. "They are more geared to mobile phones, but it's still a market share game for them. So I think that goes unabated, and they continue to expand their vertical," Saldanha told CNBC-TV18 on Wednesday. "Part of the problem is that these tariffs haven't gone away, right from the US standpoint, but, but for the exceptions that you have in phones, etc. I do think that there's an offering for India here. Dixon's is one that, I think, comes out, among the listed space, as having the best runway and the best execution, Saldanha added. Despite a 26% decline this year, 27 out of the 39 analysts covering the stock have a "buy" call on Dixon. The consensus target price is at ₹17,976, implying a 35% upside from current levels. CLSA, which upgraded Dixon last Friday, has a target price of ₹18,800.

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