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Shares in India's Hero MotoCorp Ltd fall as much as 2.2 percent after the company's April-June quarterly earnings missed some analysts' estimates.  Hero reported a net profit of 5.63 billion rupees, against a consensus forecast of 6.13 billion rupees.  

Kotak Securities said the company's EBITDA was below its estimates. Kotak cut its price target to 2,800 rupees from 2,850 rupees, while maintaining a "hold" rating on the stock. Hero shares down 1.77 percent to 2,537.60 rupees at 0353 GMT.

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