What does the SM or M symbol beside a stock mean?

When you see an SM or M symbol next to a stock on CubePlus, it indicates the category of stocks listed on NSE Emerge or BSE SME, which can be traded directly on our platform. Stocks listed on NSE Emerge fall under the SM category (WEB), while those listed on BSE SME are categorized as M (WEB). It’s important to note that stocks in these categories are traded only in multiples of their lot size. Trading in single shares or odd quantities is not possible.

To delve deeper, NSE Emerge (PDF) is a reliable exchange facilitating emerging corporates to raise capital through a credible admission process. This exchange is instrumental in financing Small and Medium-sized enterprises (SMEs). The EMERGE asset class includes companies with high growth potential, subsidiary companies, firms funded by VC firms/angel investors, and project SVPs. Similarly, BSE SME (PDF) functions on similar lines, providing a platform for SMEs and investors to connect and transact.