HCL Tech Share Dividend 2022 Record Date, Payment Date, HCL Tech Share Price Target: HCL Technologies Limited (NSE: HCLTECH) share has surged around 2.87 per cent or Rs 27.35 to emerge as the top Nifty gainer on Thursday. The stock gained as the country's third-largest IT company reported better-than-expected results in the second quarter. HCL Tech share made an intraday high of Rs 989.05, gaining around 3 per cent, the scrip was quoting a price of Rs 979.35 apiece on the NSE at around 1:30 pm. 

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Most brokerages have issued upgrades and raised estimates for HCL Tech. Morgan Stanley, HSBC and Macquarie has revised their target to above Rs 1,000. While Morgan Stanley has set the new target of HCL Tech shares at Rs 1,100, brokerage firm Macquire has given new ratings of 'outperform' with a target of Rs 1420. 

HCL Tech Share Dividend 2022 Record Date 

 

In a regulatory filing, the company has said that it has finalised October 20, 2022 as the Record date for the payment of the third interim dividend by the Board of Directors. The record date determines who will be eligible, among shareholders, for the dividend. 

 

HCL Tech Share Dividend 2022 Payment Date 

 

The company has a track record of paying hefty dividends to its shareholders. HCL Tech has fixed November 2, 2022 as the Payment Date i.e. it will pay the dividend on this date. 

"The Record date of October 20, 2022, fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be November 2, 2022," the filing reads. 

HCL Share Dividend Amount 

 

The company has decided to pay an interim dividend of Rs 10 per equity share having a face value of Rs 2 each. "The Board of Directors has declared an Interim Dividend of Rs 10 per equity share of Rs 2 each of the Company for the Financial Year 2022-23," the company said in the regulatory filing. 
 
HCL Tech disapproves of moonlighting 

HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company.

HCL Tech shares gain after strong Q2 results, brokerages see up to 15% upside move

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