SME Round-Up: CARE Ratings

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The monthly small and medium enterprise round-up provides an update on the capital market movement in the broad SME indices, upcoming initial public offerings in the SME space and key developments in the sector.

The report also takes a closer look at the credit growth in the micro, small and medium enterprises.

BSE SME IPO index has outperformed Nifty SME emerge index and both BSE Sensex and Nifty 50 index in June 2021.

Nifty SME emerge index closed 15.7% higher at month-end June 2021 while BSE SME IPO index closed ~27% higher by the month-end.

So far in FY22 (April-May 2021), incremental bank credit to the MSME sector has fallen sharply by 5.6% compared with a contraction of 1.7% in the corresponding period (April-May) last year.

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