For investors with some risk appetite: 5 small-cap stocks from different sectors with an upside potential of up to 46%

Assuming that bulls are going to make a comeback attempt after the Maharashtra election results, we could see a phase where small-caps, too, will do well. But remember: As valuations are still high, the risks remain high. Now, suppose you are an investor with a high risk appetite. You are willing to use some qualitative and quantitative parameters before deciding on a stock, and, most importantly, take a long-term view on your investments. Then,