Revival in SME sector helps IndiaMART gain investors' confidence

Brokerages bet on the stock despite a 122% rally in 6 months

Even as India’s small businesses are still looking to adapt and grow amid uncertain times, investors are placing their bets on the nation’s largest online marketplace that lets such firms buy and sell in the bulk.

An integral part of the economy, the MSME sector has been hit hard by the Covid pandemic and the lockdown. However, government measures to boost liquidity, longer repayment times to ease the cash crunch are helping; the recovery had been better than expected in the second quarter. 

IndiaMART is the country’s largest online business-to-business marketplace with a market share of 60 per cent. The company operates