New Delhi. Shares of HCL Technologies Limited recently hit a new 52-week high. On November 22, the share price of HCL Tech touched ₹1902 during trading. On Friday, the IT stock gained over 3.3 percent and closed at ₹1897.10 per share. Over 27.66 lakh equity shares were traded on the day.

Brokerage firm Morgan Stanley has set a target price of ₹1970 for HCL Tech while maintaining an "equal-weight" rating. This means that the company's shares have the potential to rise by about 3.8 percent. Morgan Stanley has said that the company's order book continues to be strong. According to the brokerage, the company is also setting much better prices for new products while focusing on being profitable.

Secure Workforce
The brokerage firm also pointed out that nearly 80 percent of the company's employees in the US are not visa-dependent, thereby reducing the risk from any potential visa-related rule changes. HCL has also increased nearby centers, which further reduces this risk.

Market performance
HCL Tech shares on NSE have given a return of 3.85 percent in the last one week and 2.78 percent in one month. This stock has risen 40 percent in the last 6 months. So far this year, this stock has given its investors a profit of more than 27 percent. The return on the stock in the last one year has been 42.75 percent.

Dividend and Bonus History
This year, HCL Tech paid a dividend of ₹12 in January, July, and October. In May, the company declared a dividend of ₹18. Last year, the company paid a dividend of ₹10 in January and July, ₹18 in April, and ₹12 in October. HCL Tech issued bonuses to its shareholders in the ratio of 1:1 in 2015 and 2019.