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.