Education: MS in CS from IIT
Years of Experience: 3
Prior Experience: Software Development
Date of the Offer: Feb 2020
Company: Microsoft
Title/Level: SDE II-(L61)
Location: Bangalore
Salary: 27 lpa
Relocation/Signing Bonus: 5 lakhs
Stock bonus: 50 lakhs over 4 years ($70K)
Total comp (Salary + Bonus + Stock): ~ 44lpa for 1st year and ~39lpa from next year.
Old CTC: 25lpa

Is there any chance of negotiation? Inputs please!

Thanks