HCLTech is well-prepared for potential changes in U.S. visa policies, especially with the expected return of stricter regulations under the Trump administration.
About 80 percent of HCLTech's U.S. workforce does not rely on visas, which puts the company in a favorable position against visa-related challenges.
HCLTech has also expanded its nearshore centers to further mitigate risks associated with U.S. immigration policies.
Concerns about the H-1B visa program, which is essential for IT exports, have resurfaced as scrutiny is expected to increase.
HCLTech shares have risen by 2 percent to Rs 1,873, marking a 25 percent increase year-to-date, outperforming the Nifty 50's 8 percent rise in the same period.
The stock has gained 5 percent in November alone.
Morgan Stanley has maintained an 'Equal-weight' rating on HCLTech, with a target price of Rs 1,970, indicating a potential upside of over 5 percent from the current market price.