Reasoning:
Kilpest provided a decently safe entry point, non-covid biz is the interesting part really, also very cash-rich.
IDFC ltd seems like a safe bet given de-merger etc. arbitrage. Financials biz overall trend seems to be swinging up already.
Bajaj steel may just be having seasonal tantrums, maybe more people follow this closely enough by interacting with the company directly. Position had grown too big and lost patience.
DISCLAIMER : this is not investment advice, I am not a sebi registered investment advisor
please do your due diligence before investing