Jet Airways shares fell on Monday after the rating agency ICRA  has downgraded the company's loan to 'D' from 'BB'. The 'D' rating indicates an instrument is in default or is likely to be in default soon.

Shares of the company are trading at Rs 234.15, down Rs 10.4, or 4.25% at the Bombay Stock Exchange (BSE) on Monday at 10:07 a.m.

The scrip has touched an intra-day high of Rs 239 and low of Rs 232.50. The total volume of shares traded at the BSE is 144,451.