The Diageo share price has done well in the past few weeks as investors bought the dip amid the ongoing turnaround efforts.

DGE has risen in the last nine consecutive weeks, reaching a high of 1,858p, its highest swing since November 10.

It has jumped by nearly 18% from its lowest level this year as traders wait for the upcoming financial results.

Diageo to release its earnings on Wednesday 

Diageo is one of the biggest companies in the alcoholic beverage industry globally. It owns top brands like Smirnoff, Johnnie Walker, Guinness, Captain Morgan, and Ciroc.

Like other alcoholic beverage companies, such as Heineken, AB InBev, Constellation Brands, and Boston Beer, its stock has plunged in the past few months as consumption has dropped…