Hi DHILLONRAVI1983,

To start, both of these scores are outstanding (they're both well above the 90th percentile), so you should apply to any Business Schools that interest you. As such, a retest is almost certainly not necessary. Depending on your overall profile - and the Schools/Programs that you want to apply to - your time would likely be better spent working on other aspects of your application(s).

As an aside, in a prior post, you appeared to show some interest in Finance-based Programs. Highly-ranked Programs that focus on that specialty tend to place a higher value on an applicant's Quant Scaled Score, so raising your Quant 2-3 more points would likely be far more beneficial to your overall profile than raising your Verbal Scaled Score 2-3 points.

GMAT assassins aren't born, they're made,
Rich