Education: B.E in CS
Years of Experience: 2 (SDE at Amazon)
Previous TC: 17L excl Stocks (Stocks start vesting this year)
Date of the Offer: 31st Jan 2022
Company: Microsoft
Title/Level: SDE-2
Location: Hyderabad
Salary: 22L
Relocation/Signing Bonus: 0
Stock bonus: 25K$/ 4 years
Bonus: 0 - 20% based on performance
Total comp (Salary + Bonus + Stock): 30L approx
Benefits: Standard MS benefits

I feel this a lowball offer . For SDE -2 the base and stocks are too low. Please suggest what I should ask for and any tips would be of much help.