---
title: "What does the SM or M symbol beside a stock mean?"
description: "The SM and M symbols identify stocks listed on special exchanges for small and medium enterprises:"
category: arrow
subcategory: trading-faqs
slug: what-does-the-sm-or-m-symbol-beside-a-stock-mean
canonical: https://support.arrow.trade/arrow/trading-faqs/what-does-the-sm-or-m-symbol-beside-a-stock-mean/
---

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

> The SM and M symbols identify stocks listed on special exchanges for small and medium enterprises:

## Short answer

The SM and M symbols identify stocks listed on special exchanges for small and medium enterprises:

You can view and trade these stocks directly on Arrow. However, you must trade them in multiples of their lot size, and you cannot buy a single share or any odd quantity.

## NSE Emerge and BSE SME platforms

NSE Emerge (PDF) provides a platform for emerging orporates to raise capital from Institutional Investors and HNIs through a credible admission process. This exchange finances Small and Medium-sized enterprises (SMEs) and includes companies with high growth potential, subsidiary companies, companies funded by VC firms/angel investors, and project SVPs.

BSE SME (PDF) operates similarly, providing a platform for SMEs and investors to meet and transact.

## Related

- Browse more in [trading faqs](/arrow/trading-faqs/)
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Source: https://support.arrow.trade/arrow/trading-faqs/what-does-the-sm-or-m-symbol-beside-a-stock-mean/
Publisher: Arrow / iRage Broking Services LLP