Hi pzgupta,
Assuming that you took this CAT in a realistic fashion that matches what you will face on Test Day, then this initial CAT Score is outstanding. By extension, you're remarkably close to your Score Goal right now.
With a Q48/V39, you do not have any big 'weak spots', so we'll have to nitpick your performance in a bit more detail. "Review" is an exceptionally important part of the GMAT training process; your ability to define WHY you're getting questions wrong is essential to defining the areas that you need to work on (and the specific things that you need to 'fix'). As such, I'd like to know a bit more about this CAT. While a full Mistake Tracker would provide a lot more information, there are some basic questions that you should be able to answer (and the more EXACT you can be with your answers, the better):
After reviewing each section of this recent CAT, how many questions did you get wrong....
1) Because of a silly/little mistake?
2) Because there was some math/verbal that you just could not remember how to do?
3) Because the question was too hard?
4) Because you were low on time and had to guess?
5) How many Verbal questions did you 'narrow down to 2 choices' but still get wrong?
GMAT assassins aren't born, they're made,
Rich