Shares of Jet Airways plunged nearly 19 per cent Tuesday amid reports that the company is likely to temporarily shut down its operations.
The scrip which had opened the day on a weak note further plummeted 18.56 per cent to Rs 213.20 on BSE during the afternoon trade.
At NSE, shares cracked 18.53 per cent to Rs 213.20.
Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations.
On Monday, lenders did not take a final decision on providing emergency funds to the cash-strapped carrier.
The airline's board is meeting in Mumbai on Tuesday.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)