HCLTech is well-prepared to navigate potential U.S. visa policy changes, with around 80% of its U.S. workforce being non-visa dependent, according to Morgan Stanley. The company has expanded its nearshore centers to further mitigate visa-related risks amid concerns over stricter H-1B visa scrutiny under the Trump administration. HCLTech shares have risen 25% year-to-date, outperforming the Nifty 50, with a current target price of Rs 1,970.