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

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.

Also Read: India equity outlook looks ‘pretty exciting’ into 2026 despite rupee worries: JPMorgan

For the entire interview, watch the accompanying video

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