Hi Steve,
Thanks for the response.I am using already list of actions below :

I have tried with below all
outputs('actionslist')?['mdc_stagestatus@OData.Community.Display.V1.FormattedValue']
outputs('actionslist')?['body/_mdc_stagestatus_label']
outputs('actionslist')?['body/value/mdc_stagestatus@OData.Community.Display.V1.FormattedValue']
The output from debug got so tried to use the above syntax.
"mdc_stagestatus@OData.Community.Display.V1.FormattedValue": "Pending HC Review",
"mdc_stagestatus": 755040006,
Thanks,
Jharana