Hi Prannay27,
From what you describe, you seem to be limiting yourself to just 2 options (retake within a month or stop altogether and restart next year). Since you're in 'study mode' now, it would likely make the most sense for you to continue studying (as opposed to having to relearn everything if you restarted after several months 'off'). The reality is that raising a 610 to a 700+ will likely take at least another 2 months of consistent, guided study - and you'll have to make significant improvements to how you handle BOTH the Quant and Verbal sections.
Before I can offer you the specific advice that you’re looking for, it would help if you could provide a bit more information on how you've been studying and your goals:
Studies:
1) How long have you studied?
2) What study materials have you used so far?
3) How have you scored on each of your CATs (including the Quant and Verbal Scaled Scores for each)?
Goals:
4) When are you planning to apply to Business School?
5) What Schools are you planning to apply to?
GMAT assassins aren't born, they're made,
Rich