Tata Consultancy Services (TCS) has become the most valued company on Friday in terms of its full-float market capitalisation at Rs.2,27,282 crore on the Bombay Stock Exchange. Reliance lost its number one position with its full-float market capitalisation at Rs.2,26,886 crore. The stock lost Rs.20 to close at Rs.692.90, its lowest level in the year. Infosys commanded third position at Rs.1,58,770 crore.
If one were to buy the free-float market capitalisation, Infosys, which closed with a gain of Rs.21.40 at Rs.2,765, has overtaken Reliance with its market capitalisation at Rs.1,34,954 crore against Reliance which stood at Rs.1,24,787 crore on Friday.
Free-float methodology market capitalisation is calculated by taking the equity's price and multiplying it by the number of shares readily available in the market. The free-float method excludes shares held by promoters and governments.
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