India, Oct. 5 -- The food trading and manufacturing company is looking beyond its home market again. Through a step-down subsidiary, it has signed a non-binding letter covering a majority stake in a Singapore-based business, with the price stated in US dollars. The group's latest quarter showed a sharp jump in sales and profit, mostly from overseas trading. Several conditions still stand between this proposal and a signed deal, and the details are worth reading closely before anyone draws firm conclusions.

Shares of NHC Foods Ltd are trading at Rs. 1.71, down 3.93 percent on Monday. The stock touched the intraday high of Rs. 1.82 after opening at Rs. 1.80 before slipping to a low of Rs. 1.70. The company commands a market capitalization...